Can Solana Break Resistance and Sustain a Rally Above $155 This Week?

Solana’s price action has centered on the $152-$155 resistance range, with bulls repeatedly testing this level in recent sessions. The hourly chart shows SOL pressing against $152.90, and a breakout could quickly lead to a test of $155. If buyers maintain pressure, a decisive move above $155 may open the path toward higher targets this week.

Technical patterns highlight the significance of this resistance. The $155 mark is not only a psychological barrier but also aligns with previous swing highs and Fibonacci retracement levels, making it a focal point for both bulls and bears. Volume surges and rising RSI suggest growing interest, but a clear breakout is needed for sustained upside.

Failure to clear $155 could prompt a short-term pullback, with support seen near $148-$150. The market remains highly reactive to momentum shifts at these levels.

Technical Indicators Signal Cautious Optimism

Momentum indicators are turning mildly bullish, with the Relative Strength Index (RSI) hovering close to neutral but trending upward. Solana’s price is consolidating just under the 50-day EMA at $151.53, and a daily close above this moving average would reinforce the bullish case.

A confirmed breakout above $155 could drive SOL toward $159.50 in the next 3-5 days, with mid-July targets near $165 if volume remains strong and the 200-day EMA at $159.53 is reclaimed. However, technical signals also warn of possible resistance, as previous attempts to break this level have been met with selling pressure.

Traders should watch for confirmation through higher closes and sustained volume before committing to a bullish outlook for the week.

Did you know?
Solana’s previous major breakout above $155 in early 2024 led to a rapid 20% rally within a week, highlighting how quickly momentum can build once key resistance levels are cleared.

Market Structure Remains Constructive as Bulls Build Higher Lows

Solana’s recent recovery from lows near $136 has shifted the market structure, with higher lows forming and the $148-$151 range now acting as short-term support. This constructive setup increases the likelihood of another test of the $155-$160 zone, especially if broader crypto market sentiment remains positive.

Liquidity analysis shows visible pockets above $165, suggesting that a successful breakout could accelerate gains as stop orders and new buyers are triggered. However, the $160-$175 region remains a formidable resistance band, with multiple technical patterns converging there.

If bullish momentum fades, a dip toward $144-$146 is possible, but the broader trend remains upward as long as support holds and volume persists.

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Sideways Trading Possible if Breakout Fails

Despite bullish signals, Solana’s price has struggled to sustain moves above resistance in recent weeks. If the $155 barrier holds, ongoing sideways trading between $148 and $155 is likely over the next few days. Neither bulls nor bears have seized clear control on longer time frames, and consolidation could persist until a decisive catalyst emerges.

A confirmed breakout above $163.64 would be needed for buyers to consider a more substantial rally toward $175 or higher. Until then, the market may oscillate within a narrow range, with traders watching for signs of accumulation or distribution.

Short-term corrections remain a risk if momentum wanes or broader market sentiment turns negative.

Institutional Interest and ETF Flows Add to Upward Bias

Improving sentiment around crypto ETFs and growing institutional interest in Solana are underpinning the bullish narrative for July. Analysts note that sustained accumulation and rising open interest in derivatives markets are supporting the current price structure.

If SOL maintains support above $148-$150 and reclaims the 200-day EMA, price targets of $165-$182 are plausible by month’s end. A breakout above $155 this week could serve as the catalyst for further institutional inflows, especially if broader crypto market growth continues.

However, traders should remain cautious, as volatility and rapid sentiment shifts are common in the current environment.