Solana On The Verge Of A Reversal? Technical Check – May 1, 2025

Solana shows a technical rebound, driven by renewed interest in the market. Find our complete analysis and current technical outlook for SOL.

Solana (SOL) Technical Analysis

Indicator	Status	Comment
Spot Price	≈ $151	Bullish recovery, followed by consolidation below the $157 resistance.
Latest Weekly Changes	+7%	Significant technical rebound, consolidating the bullish momentum.
Latest Weekly Spot Volumes	≈ $7.5B (+5%)	Moderate volume increase, consistent with renewed buyer interest.
Long-term Trend (SMA 200)	Bullish	Unchanged trend, supporting a positive long-term bias.
Medium-term Trend (SMA 50)	Neutral	Transition bias; above $141, a bullish recovery is plausible.
Short-term Trend (SMA 20)	Bullish	Bullish recovery confirmed after a phase of technical consolidation.
Momentum	Rebound	Recovery of bullish momentum, validated by momentum indicators (oscillators).

The price of Solana hovers around $151, recovering, followed by consolidation below the $157 resistance. The weekly performance of +7%, combined with a moderate rise in spot volumes (+5%), confirms a technical rebound consistent with renewed buyer interest. The long-term trend remains solidly bullish (SMA 200), while the medium term (SMA 50) remains neutral, with reversal potential above $141. In the short term, bullish momentum is reaffirmed (SMA 20). Momentum is recovering, supported by oscillators.

Solana (SOL) Technical Levels

Indicator	Status	Comment
Resistances	$157 / $180 / $205	Potential distribution zones; exceeding these levels could open the way for bullish extension.
Supports	$140 / $123 / $108	Historical demand zones; breaching these could expose the risk of further decline.
Monthly Pivot Point	$133	Reference level for the monthly trend.
Upper Value Area	$237	High volume area; upper limit of market balance, beyond which imbalance may arise.
Lower Value Area	$145	High volume area; lower limit of market balance, beyond which imbalance may arise.

SOL is currently trading around $151, close to the lower value area ($145), indicating a return to a market equilibrium zone. The monthly pivot point at $133 serves as a reference for the month’s bias. Supports at $140, $123 & $108 are key demand zones; their break would reinforce a bearish risk. On the upside, resistances at $157, $180, and $205 mark distribution levels whose breakthrough would validate continued bullishness. The upper value area, located at $237, constitutes a significant structural resistance.

Market Sentiment

Indicator	Status	Comment
Market Sentiment (Fear & Greed Index)	Neutral	Stabilized sentiment, reflecting a rebalancing of expectations and a gradual return of risk appetite.

Market sentiment has stabilized, reflecting a more balanced environment. This return to neutrality, combined with increased risk appetite, favors tactical positioning in a context of gradual recovery.

The current technical analysis was carried out in collaboration with Elyfe and 0xhugzer, investors and educators in the cryptocurrency market.

Derivatives Analysis (SOL/USDT)

Indicator	Status	Comment
Open interest	Rising	Clear recovery of exposure, speculative engagement increasing.
CVD	Sell-side absorption	CVD decreasing, price rising: market sellers absorbed on the bid, persistent passive buying pressure.
Liquidation	Low, no bias	Very low liquidation activity. No significant forced unwinding.
Funding rate	Neutral	Moderate long positioning; no extreme imbalance or overheating.

The market shows a clear recovery in speculative engagement with rising open interest, while price advances despite market sellers dominance (CVD declining), indicating active absorption on the bid; liquidations remain low and funding is neutral, reinforcing a clean technical environment conducive to continuation of the initiated move.

Indicator	Status	Comment
Sell-side liquidation zone	≈ $183 / $192	Order concentration zone; reaching these levels could trigger volatility acceleration.
Buy-side liquidation zone	≈ $140, $115	Order concentration zone; reaching these levels could trigger volatility acceleration.

Sell-side liquidation zones at $183, $192 can trigger bullish accelerations if breached, but also represent zones prone to distribution if the market shows signs of fatigue. On the buy side, the $140 and $115 thresholds face flush risk if broken, but also offer absorption or institutional accumulation opportunities for medium-term repositioning.

Forecasts for Solana (SOL) Price

Bullish Scenario:

• Conditions: Maintenance above $141.
  
• Targets: $157 / $180 / $205 – $210 and beyond.
  
• Potential: About +38% from the current level.

Bearish Scenario:

• Conditions: Break of support at $141.
  
• Targets: $132 / $123 / $108 – $101 / $95.
  
• Potential: Decline up to -37%.

Comment:

The bias remains neutral to bullish as long as SOL price holds above the $141 zone, a key level of the short-term range. The next FOMC meeting and its monetary policy decision could be decisive to validate this scenario.

Conclusion

Solana shows signs of reversal, with a rebound supported by renewed interest and bullish momentum rebuilding. The selling flow remains absorbed, reflecting a discreet but solid buyer presence. The market remains balanced, without excessive tension, in an environment more favorable for tactical positioning, subject to the market’s reaction to upcoming macroeconomic catalysts. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts.

Finally, let us recall that these analyses are based solely on technical criteria, and cryptocurrency prices can quickly change due to other more fundamental factors.

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