- Solana has gained 1.34% in the last 24 hours and 20% over the past week, signaling a strong recovery.
- After dipping to $96, SOL rebounded quickly and is now trading around $134, reclaiming key resistance levels.
- Around 71.87% of Binance traders are currently holding long positions on SOL, showing bullish sentiment.
- If SOL holds above $130 and consolidates, it could continue its push toward the $150 mark.
Solana (SOL) is back in bullish territory, making a strong comeback after recent market turbulence. The smart contract platform has gained nearly 1.34% in the past 24 hours and is up an impressive 20% over the last seven days, as bulls regain control and push prices higher.
Just days ago, SOL dropped to a local low of $96 amid broader market sell-offs driven by macroeconomic uncertainty and risk-off sentiment. However, the dip was short-lived. Solana has since staged a remarkable recovery, climbing back above key resistance levels and now trading around $134. The swift rebound underscores growing investor confidence and a return of bullish momentum.
Market sentiment appears to be shifting in favor of the bulls. According to data shared by prominent analyst Ali, a notable 71.87% of traders on Binance with open SOL positions are betting on continued upside. This overwhelming long positioning signals strong expectations of a sustained rally.
SOL Flips Trend, Targets Higher After Holding $130
Adding to the optimism, another crypto analyst noted that Solana is showing technical strength after bouncing off weekly support. “So far so good,” they remarked. “SOL is now trying to flip the local downtrend and could gain more ground if it consolidates in the $130–$140 range before making another move.”
The resurgence of meme coin activity may also be contributing to SOL’s upward push. As speculative energy returns to the altcoin market, Solana, often a beneficiary of heightened meme coin trading on its fast and low-cost blockchain, is poised to ride the wave of renewed interest.
With key resistance levels already cleared and growing momentum on the charts, SOL appears set to challenge higher targets in the days ahead. Traders are now watching closely to see if Solana can hold above $130, form a higher low, and extend its bullish leg toward the $150 mark and beyond.
Related Reading | Dogecoin (DOGE) Breakout: H4 Chart Confirms Bullish Reversal
