Solana is trading above the $125 level after bulls stepped in and reclaimed key levels, sparking optimism across the market. After enduring weeks of massive selling pressure, this recovery marks the first sign of strength from buyers since early March. Still, not all analysts are convinced this marks the beginning of a sustainable rally. While momentum appears to be shifting in Solana’s favor, some see this move as a possible bearish setup rather than a reversal.

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Solana Faces a Pivotal Test as Global Risks Rise

Solana is at a crucial juncture as bulls attempt to hold the $125 level and regain momentum after weeks of aggressive selling pressure. While the recent bounce has offered short-term relief, the broader market environment remains highly unstable, making this recovery fragile.

Macroeconomic uncertainty, paired with growing trade war fears, continues to weigh heavily on risk assets like Solana. The erratic tone set by US President Donald Trump, including unpredictable tariff policies targeting China and other global partners, has introduced renewed volatility across financial markets.

These macro headwinds are colliding with technical pressure in Solana’s chart. Martinez shared a bearish scenario, noting that Solana could be retesting the breakout zone from a right-angled ascending broadening pattern. Historically, this pattern often signals the potential for sharp reversals. According to Martinez, if Solana fails to hold above key support, the price could plunge toward $65 — a level not seen since late 2023.

The $125 zone now acts as a make-or-break level for bulls. Reclaiming higher resistance at $135–$145 would be necessary to shift sentiment and spark a full recovery rally. However, failure to hold current levels could result in a steep decline as panic returns to the market.

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SOL Price Faces Key Resistance After $136 Rejection

Solana (SOL) is currently trading at $125 after facing a clean rejection at the $136 resistance level earlier this week. The failure to break through this short-term ceiling has paused the bullish momentum, placing bulls in a vulnerable position as they try to defend recent gains. To regain control and signal a clear reversal, SOL must reclaim the $136 level with conviction and continue climbing toward the $150 mark — a zone that aligns with key daily resistance and short-term liquidity.

Reclaiming both levels would signal strong market confidence and could set the stage for a sustained rally, possibly retesting April highs. However, without that upside push, the risk of deeper downside grows. Market volatility remains high, fueled by global macroeconomic tensions and uncertainty around US-China trade developments. These factors are still weighing heavily on sentiment, particularly among altcoins like Solana.

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If SOL continues to struggle below $136 and fails to attract enough buying pressure, a breakdown toward the $100 mark becomes increasingly likely. That level has previously served as a psychological support zone and could attract renewed interest — but only if broader market conditions stabilize. For now, SOL remains in a delicate, high-stakes trading zone.

A closely followed trader believes that the layer-1 protocol Solana (SOL) may have just flashed a strong bullish reversal signal.

Pseudonymous trader Inmortal tells his 231,500 followers on the social media platform X that Solana appears to have set a massive bear trap earlier this month when the price of SOL briefly dropped below $100.

A bear trap is a false signal that makes it appear that the price of an asset is heading to much lower levels, but instead, the price abruptly reverses and rallies, leaving short-sellers trapped.

Says Inmortal,

“That weekly candle is maybe the biggest bear trap I’ve ever seen, SOL.”

The analyst now believes that SOL is setting the stage for strong rallies en route to a new all-time high of $340 by December 2025.

“In retrospect, it will be so obvious, SOL.”

At time of writing, Solana is trading for $128.19, down over 3% on the day.

Looking at Bitcoin, Inmortal thinks that BTC will trade between $74,000 and $95,000 in the coming months before sparking a breakout rally toward the end of the year.

“Expecting something like this:

> Bounce to $90,000
> More chop/ranging ($67,000 maybe)
> Uptrend in the second half of this year

Maybe not in this exact order.

BTC.” 

Based on the trader’s chart, he appears to suggest that Bitcoin will soar close to $130,000 by the end of 2025. At time of writing, Bitcoin is worth $84,943.

Turning to the memecoin Floki (FLOKI), Inmortal thinks the altcoin is at a price level where it can potentially carve a major cycle bottom.

“Accumulating more FLOKI at these levels.

RSI (relative strength index) is at the same levels it was 700 days ago, and price at pre-bullrun levels.”

The RSI is a momentum indicator that can help traders spot levels where an asset is oversold or overbought. At time of writing, FLOKI is worth $0.000057.

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Generated Image: Midjourney

Solana appears to be gearing up for a major technical breakout, with recent price action building up an interesting chart formation. A familiar bullish pattern has formed, and if validated, it could drive the price to a level not seen in recent weeks. This new development was highlighted by popular analyst Titan of Crypto on social media platform X.

Pattern Breakout Sets $143 In Sight

Like every other large market-cap cryptocurrency, Solana has experienced an extended period of price crashes since late February. In the case of Solana, this price crash has been drawing out since January, when it reached an all-time high of $293 during the euphoria surrounding the Official Trump meme coin. Since then, Solana has corrected massively, even reaching a low of $97 on April 7. 

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The price action before and after this $97 low has created an interesting formation on the 4-hour candlestick timeframe chart. As crypto analyst Titan of Crypto noted, this formation is enough to send Solana back up to $143. 

At the heart of the latest bullish outlook is a clearly defined inverse head and shoulders structure, which is known for its reliability in signaling a reversal from a downtrend to a bullish breakout. The left shoulder of the pattern began forming in early April as Solana attempted to rebound from sub-$110 levels. The subsequent drop to the $96 bottom on April 7 formed the head of the structure. From there, a recovery started as buyers cautiously stepped back in, giving rise to the right shoulder.

The breakout of the neckline resistance has taken place in the past 24 hours. With this in mind, Titan of Crypto predicted that $143 becomes the next logical destination based on the measured move from the head to the neckline.

Image From X: Titan of Crypto

Momentum Strengthens With Structure Confirmation

Looking at the chart shared by the analyst, the momentum behind Solana’s price movement appears to be gaining strength. Trading volume is an important metric in evaluating the strength of a breakout, and the volume accompanying the recent breakout above the neckline seemingly confirms it.

Particularly, Solana has seen a 5.3% increase in its price during the past 24 hours, with trading volume surging by 3.76% within this timeframe to $4.21 billion.

Although it is common to see a throwback or minor consolidation just above the neckline, the projected path suggests continued upside as long as price action holds above that key breakout zone.

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At the time of writing, Solana is trading at $129, 10% away from reaching this inverse head-and-shoulder target. A move to $143 would not only represent a meaningful recovery from April’s lows but could also improve the confidence in Solana’s price trajectory moving into Q2. The next outlook is what happens after it reaches this target of $143, which will depend on the general market sentiment.  

Featured image from The Information, chart from TradingView