Solana (SOL) is showing remarkable strength on the weekly chart, consistently forming higher highs and higher lows. This classic bullish pattern has analysts watching two key levels: a crucial $162 support floor and a $260 resistance target. Here’s a breakdown of the technical setup and what could come next.
The Bullish Foundation: $162 Support
The entire bullish thesis rests on one critical level: $162. This zone has proven to be a major high-time frame support, acting as a springboard for each leg higher.
- Why it matters: This level represents a key demand zone where buyers have consistently stepped in.
- The outlook: As long as SOL holds above $162 on a weekly closing basis, the overall uptrend remains firmly intact.
- A healthy pullback: Even a retest of this support would be considered normal and healthy within a broader bull market.
The Next Hurdle: Reclaiming Key Resistance
For Solana to make its next explosive move, it must first conquer a significant resistance barrier known as the Value Area High (VAH).
- The Challenge: This level has historically attracted selling pressure.
- The Bullish Trigger: A decisive weekly close above this resistance would signal strong market acceptance and could trigger a momentum surge.
- The Target: A successful breakout opens a clear path toward the next major target at $260—a price not seen since a previous market cycle.
Volume Confirms the Trend
The bullish structure is backed by solid volume data. Steady inflows throughout the rally indicate genuine demand, not just speculative hype. For the move toward $260 to be sustainable, traders will want to see a noticeable uptick in buying volume on the breakout, confirming strong conviction behind the move.
Solana Price Prediction: What’s Next?
In the coming weeks, expect SOL to consolidate between the $162 support and the Value Area High resistance. This is a normal and necessary process that builds energy for the next big move.
- Bullish Scenario: A confirmed break above resistance targets $260.
- Consolidation Scenario: Dips toward $162 that hold are still bullish and offer potential accumulation zones.
Overall, Solana boasts one of the most constructive weekly charts among major altcoins. The consistent pattern of higher lows shows that buyers are in control. While short-term pullbacks are always possible, the technical setup strongly favors continued upside as long as that crucial $162 foundation holds.
