Solana (SOL) is currently trading near $147.50, marking a 0.56% decline over the past 24 hours. The token remains in a consolidation phase, hovering between $145 and $154 as traders respond to mixed signals from recent ecosystem performance.
In this article, we will look at solana next target along with technical analysis and latest news.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
Solana Next Target
- Current Price: $147.51
- 24h Price Change: –0.56%
- 24h Range: $145.91 – $148.50
- Market Cap: ~$79 billion
- 24h Trading Volume: ~$1.6 billion
- Circulating Supply: ~604.6 million SOL
Price had a bullish breakout from Channel Down pattern, which could signal at least a temporary trend reversal with +10% upside potential to $160-$167 next. Stop loss at $136.
This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Key Technical Indicators
- RSI: Around 48 (neutral)
- MACD: Slightly bearish crossover observed
- Support Levels: $145–$146 (100‑day EMA), followed by $142
- Resistance Levels: $154–$154.20 (previous rejection), then $160–$165
- Trend Overview: Neutral—neither strong bullish nor bearish bias, awaiting breakout
Latest Solana News & Developments
- dApp Revenue Leader
In June, Solana generated approximately $146 million in dApp revenue—surpassing Ethereum and BNB—leading the decentralized app ecosystem. - Ecosystem Momentum
Monthly trading volume surged to roughly $156 billion, reflecting strong growth in DeFi and NFT platform usage. - Technical Setup Caution
Price attempted to break above the $154–$157 resistance cluster but failed to sustain gains, leading to a short-term retracement. - Macro & Infrastructure
Despite strong developer activity and ecosystem adoption, Solana remains sensitive to broader market trends and Bitcoin movement.
👉 Short-Term View: Neutral – awaiting a clear breakout or breakdown
📉 Risk Level: Moderate – expect volatility near key support/resistance zones
For on-demand analysis of any cryptocurrency, join our Telegram channel.
