SOL Surges Past $150 — Can the Rally Continue?
By: bitcoinik|2025/05/02 19:30:02
0
Share
Solana began a new rise from the $149 support zone. At present SOL price is holding steady and may reach further above the $154 resistance zone.Main Takeaways:-SOL price began a new rise above the $142 and $145 levels as opposed to the US dollar.At present, the price is trading above $150 and the 100-hourly simple moving average.There was an upward move through a critical bearish resistance at $149 on the hourly chart of the SOL/USD pair.The pair begins a new rise if it surpasses the $154 resistance level.SOL Price Stabilises Following UptrendSolana’s price developed a base over the $140 support and began a new rise, similar to Bitcoin and Ethereum. SOL showed momentum to climb over the $142 and $145 resistance levels.The price broke above a key downward trend line with resistance at $149 on the hourly chart for the SOL/USD pair. It even went above the $150 resistance level. The highest point reached was $153.90, and now the price is holding steady after the rise.The price dropped under the $152 level and reached the 23.6% Fib retracement level of the price increase from the $140 fluctuation low to the $154 peak. At present, Solana is trading over $150 and the 100-hourly simple moving average.If the price goes up, it’s running into some trouble around the $152 level. The next big challenge is around the $154 level, and the main one is at the $158 level. If the price manages to stay above the $158 level, it could continue rising steadily. After that, the next important level is $165, and if it keeps going, it might even reach the $180 level.Is Solana Facing a Downside Correction?If SOL fails to pass the $154 resistance, it will begin a new drop. The first support on the downside is close to the $150 zone. The first important support is close to the $147 level.A decline past the $147 level may push the price close to the $145 zone and the 50% Fib retracement level to the $154 peak. If there is any close under the $145 support, the price will drop in the direction of the $140 support in the short term.Technical Signals:-Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is presently greater than the 50 level.Hourly MACD (Moving Average Convergence Divergence) – The MACD for SOL/USD is presently increasing momentum in the bullish zone.$147 and $145 – Major Support Levels$154 and $158 – Major Resistance LevelsRead also:- $3 Billion Options Expiry Today with Bullish OutlookDisclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.
You may also like

IOSG: Making Probability an Asset, Forecasting Market Intelligence Agent
Predictive Market Oracle will begin to take shape in early 2026, poised to become a nascent product in the oracles space over the next year.

The US’s Back-Channel Helper in Attacking Iran, How Evil is Palantir
Palantir has once again used data to validate that unsettling logical loop: War is its best business development strategy

Key Market Intelligence on March 3rd, how much did you miss?
1. On-chain Volume: $34.0M USD inflow to Hyperliquid today; $29.3M USD outflow from Arbitrum
2. Biggest Gainers and Losers: $FAI, $ARC
3. Top News: Today, the crypto market rebounded against the trend, with a macro hedge whale holding long positions in gold and silver and shorting crypto, resulting in a $500k USD loss for the day

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.

After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there

If this is the beginning of the triple halving, what are top investors saying about what to expect?
Hormuz Strait Blockade, Capital War, Oil and Bitcoin

After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Following the airstrike, within minutes, Iran's largest cryptocurrency exchange, Nobitex, saw a 700% surge in cryptocurrency outflows.

Pantera Capital Partner: The Financial Trajectory of AI Agents
AI agents will move towards fully autonomous commerce, and blockchain is the only digital-native financial track that meets its needs for identity, micropayments, and trustless execution.

In the next 5 years, Vitalik will scale Ethereum like this
Short-Term vs Long-Term, Execution, Data vs State

Sam Altman and the End of the World Capitalism
The real danger is never AI itself, but those who believe they have the right to define the human destiny.

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?
Interest rates have remained stubbornly high, posing a challenge to the cryptocurrency bull case.

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?
What Was the Hottest Topic Among Expats in the Last 24 Hours?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene
The global environment is not favorable to us, but in the long run, it may be favorable to us.

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap
March 2 Market Key Events Overview

Why is it said that there are structural opportunities in encrypted AI?
When centralized AI falls into the dilemma of regulation and trust, Crypto + AI will become a structural escape route for safeguarding data and sovereignty in a multipolar world.

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents
The predictive market agents are expected to present early prototypes in early 2026, likely becoming an emerging product form in the field of agents in the following year.

Consumer application issues
The truly outstanding applications will not ask people to "use cryptocurrency," but will provide practical and better solutions to the problems that people already face.
IOSG: Making Probability an Asset, Forecasting Market Intelligence Agent
Predictive Market Oracle will begin to take shape in early 2026, poised to become a nascent product in the oracles space over the next year.
The US’s Back-Channel Helper in Attacking Iran, How Evil is Palantir
Palantir has once again used data to validate that unsettling logical loop: War is its best business development strategy
Key Market Intelligence on March 3rd, how much did you miss?
1. On-chain Volume: $34.0M USD inflow to Hyperliquid today; $29.3M USD outflow from Arbitrum
2. Biggest Gainers and Losers: $FAI, $ARC
3. Top News: Today, the crypto market rebounded against the trend, with a macro hedge whale holding long positions in gold and silver and shorting crypto, resulting in a $500k USD loss for the day
Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think
Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.
After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there