Solana has shown renewed strength after rising by roughly 7% over the past 24 hours, a move supported by improving sentiment across the broader cryptocurrency market and increased buying activity near a key demand zone. Will SOL keep rising?

Solana technical analysis

SOLUSD - 1 Day Time Frame

Solana's rebound formed inside a clearly defined support area between $125 and $135, where price previously stabilized several times during November. The lower boundary of this region aligns closely with a major support level near $128, which also acted as support earlier in June, adding historical significance to the zone.

Above the current market price, the structure is dominated by a resistance block between $155 and $165, where several swing highs were created throughout November. These highs also represent clusters of buy-side liquidity, which may attract price in the short term if SOL maintains its upward momentum. Further above, a major resistance level around $176 stands out as a structural turning point.

This level served as support in July and October before flipping into resistance in early November, making it an important reference for any extended recovery.

With support well-defined below and liquidity resting above, the current price movement indicates an attempt to reclaim lost ground after weeks of corrective behaviour. Whether this develops into a broader shift will depend on Solana’s ability to hold above the $125–$135 support region while navigating the layered resistance overhead.

Solana price target

If buyers continue to defend the support zone, the first short-term objective may emerge near the $155–$165 resistance block, where earlier liquidity remains untested. A break above this area could open room toward the $176 major resistance level, which may act as the next logical target.

On the downside, a clear invalidation level rests below $125, where a loss of the support region could shift the focus back toward lower ranges.