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Solana Taps $148 After Clearing $145 as Traders Eye a Break Above $150

Strong ETF and futures flows are bolstering momentum despite mixed on-chain adoption signals.

Overview

  • SOL pushed to an intraday high near $148 and is consolidating above $142, with $150–$155 flagged as the next resistance zone and a close above those levels seen as opening a path toward $160–$170.
  • Analysts frame $144–$145 as the make-or-break area, while buyers continue to defend the $125–$130 support band that has repeatedly attracted demand since 2024.
  • Short‑term setups including a cup‑and‑handle and a descending‑wedge breakout imply targets between roughly $160 and $190 if a confirmed daily close above the key threshold holds.
  • Longer‑term charts still show a bearish channel and warn of downside risk toward $120–$100 if support fails, even as SOL has reclaimed its 50‑day moving average with some calling $141.3–$144.63 the momentum trigger.
  • Derivatives and fund data show rising interest, with Solana perpetuals briefly topping Ethereum’s volume and U.S. spot ETFs recording fresh net inflows as total assets hover around $1.18 billion, while network metrics show active addresses up and weekly new wallet creation down.