SOL Dominates Market Talk as Price Eyes $142 Level

Key Insights:

• SOL trades between $136 and $142 as momentum indicators signal possible shift in direction soon.
• Break above descending trendline holds, while ascending trendline support guides short‑term market bias upward.
• Price must clear $142 with volume to target $171, or risk revisiting lower support zones.

Solana (SOL) was holding steady in a narrow range between $136 and $142. The current price was $141.00, showing a slight drop of 0.2% over the past 24 hours and a 13.6% rise across the last seven days. This price action is drawing attention as traders watch for direction.

Price Holding in Tight Range

On the 1-hour chart, SOL continues to test short-term levels. Support sits near $136, while resistance is at $142. The range reflects consolidation after a modest move upward. No breakout has taken place, but price remains above the mid-range.

Short-term moving averages (5MA, 10MA, 20MA) are now close together. This usually reflects a quiet market, with lower volatility before a larger shift. The setup may lead to a breakout or a drop, depending on how price reacts to these key levels.

Indicators Mixed, Market Awaits Clarity

Momentum is neutral. RSI is around 50, showing no strong buying or selling pressure. The MACD is starting to turn upward. The MACD line is nearing a possible cross above the signal line. The histogram bars are also shrinking, showing that bearish momentum may be fading.

If buying pressure increases and the MACD confirms a crossover, short-term momentum could turn positive. Volume is steady but not strong, which suggests traders are still waiting for confirmation.

Breakout on Higher Timeframe

On the 4-hour chart, SOL has moved above a falling trendline. This signals a possible change in short-term direction. Price is also holding above an upward-sloping support line. As long as this line holds, further upside may be possible. 

Analyst Man of Bitcoin said,

 “As long as it holds support on the ascending trendline, a direct move higher remains likely,”

 but also added, 

“The structure still appears correct, which leaves the door open for another low at this stage.”

The chart suggests that the structure could still be part of a larger correction. If current levels fail, the area between $117.64 and $106.55 may come into play as support.

Traders Watch the $142 Level

A clear move above $142, with increased volume, could open the way toward $171.65. Until then, price remains trapped within a key zone. The current pattern shows hesitation, and the next move will depend on whether support holds or breaks in the coming sessions.