Solana has caught the attention of traders and investors after a strong rally, climbing more than 60% from its April lows. Currently trading around 146 per SOL, the token recently peaked at 157.24, marking a notable local high.
But the bullish momentum is showing early signs of stalling and for good reason.
Don't Miss:
- Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies.
- Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account.
Key Resistance Level: 155.03
Solana is now contending with a major resistance level around 155.03 — a price point that carries both historical and technical significance. This level marks the November low from a key moment in market history: the initial rally following President Trump’s election victory.
Here's why this level matters:
- It was previously a strong area of support during the early stages of a powerful upward trend
- It now appears to be acting as resistance, suggesting that previous buyers at this level may now be taking profits or selling into strength
- This type of support turned resistance level often becomes a critical decision point in technical analysis
The Rally in Context
While Solana's recent gains are impressive, the struggle at 155.03 could mark a short-term turning point if bulls fail to push past it.
Current Solana Overview:
- Price is around 146
- Local high was 157.24
- Major resistance sits at 155.03
- From the April low to now, the price is up over 60%
This price action underscores how key levels from the past often resurface as battlegrounds for buyers and sellers.
Trending: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase.
Relative Strength Versus Bitcoin
Beyond technical resistance, there's another concern. Solana’s recent price structure is showing signs of weakness compared to Bitcoin.
- Solana has been forming lower lows on the daily chart over the past few sessions
- Bitcoin, in contrast, has been making higher lows, showing relative strength
This divergence in price action is important, especially for traders who use relative strength analysis to decide where to allocate capital. In this case, Solana is showing relative weakness, which could signal a short-term underperformance compared to the broader market or at least to Bitcoin.
What Traders Should Watch For
Going forward, the key for Solana lies in how it responds to this resistance zone.
- A break and hold above 155.03 could open the door to a continuation of the bullish rally
- A rejection and further lower lows might lead to a pullback or deeper retracement
Read Next:
- A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase.
- Maximize saving for your retirement and cut down taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation.
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
