Solana (SOL) is back in focus, climbing to $139.91—just beneath the key $150 resistance zone. After weeks of consolidation, bulls have regained momentum, defending a key trendline and positioning SOL for a potential breakout as May approaches.
The catalyst? Institutional conviction. Galaxy Digital recently acquired 606,000 SOL worth $83 million in just four days, staking 462,000 tokens—an unmistakable signal of long-term confidence in Solana’s scalability and ecosystem maturity.
This signals a strong vote of confidence in Solana’s long-term scalability and ecosystem growth.
This isn’t speculative hype—it’s a meaningful shift in sentiment that could underpin a longer-term rally. With May around the corner, traders are watching closely to see if SOL can crack $150 and extend its run.
Galaxy Digital bought 606,000 SOL for $83M Institutional flows are driving fresh bullish momentum 462,000 tokens staked—showing long-term commitmentSolana Nears $150 Resistance: Technicals in Focus
Solana is now testing the $145–$150 resistance zone, which previously acted as major support before February’s correction. A clean breakout here would mark a multi-week reversal and could open the door to $180 and $200—key zones from January’s rally.
The recent bullish engulfing candle at $136 confirmed a strong breakout, supported by the rising 50-period EMA at $129.82. This level now acts as dynamic support for short-term pullbacks.
Momentum indicators are aligned with the bullish narrative. The MACD has flipped positive with widening signal lines, while RSI sits at 55.71—bullish, but not yet overbought, suggesting room for continuation.
Resistance Levels: $145.46, then $152.96 Support Zone: $129.80 (50 EMA) RSI: 55.71, showing neutral-to-bullish momentumSolana (SOL/USD) Trade Setup: Bullish Structure Holds Above $136
For traders, the breakout above $136 presents a clean technical setup. A pullback and bounce from this level could offer a high-probability long entry. The bullish structure remains intact as long as the price stays above the trendline and 50 EMA.
Trade Strategy:
Entry: Pullback and bounce from $136 Target: $145.46 short-term, $152.96 extended Stop Loss: Below $129.80 for downside protectionWith institutional inflows growing and momentum building, May could be the month Solana clears $150 decisively—if bulls hold the line.
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Staking Snapshot:
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Latest Presale Stats:
Token Price: $0.00247 Raised So Far: $4.80M of $5.55MThis window may be one of the last chances to secure BTCBULL before the next pricing tier kicks in. With its high-yield staking, real BTC rewards, and growing ecosystem engagement, BTC Bull is emerging as a top contender in the meme coin space—backed by actual Bitcoin utility.
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