Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout

Quick Summary:

The analyst highlights a liquidity imbalance created by the recent false breakdown, which could favor upward price movement as Solana bulls seek to reclaim the upper zones above $136.  A sustained move above $136 could serve as the initial trigger for a breakout, potentially shifting short-term market sentiment in Solana’s favor.

Breakout Above $136 Could Unlock Higher Price Targets For Solana Speaking of the bearish global market situation, RLinda’s analysis categorizes the local Solana setup as neutral, indicating that the price is in a range rather than exhibiting a definitive trend.

According to a new technical analysis shared by RLinda on the TradingView platform, the $136 level is currently a decisive resistance point, and Solana’s current trading behavior suggests that a move above this level could ignite a fresh bullish push even as the global market situation is bearish.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Solana Consolidation Range SOL news Solana news Solana Price SOLUSD Fibonacci retracement SOL Price RLinda Sol Bitcoin SOLUSDT

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 19:00:13 (1 weeks ago)

News Timezone: GMT +8:00

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Language: English

Article Length: 485 words

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