Solana (SOL) price entered 2026 with renewed upside momentum after breaking a multi-month downtrend. Technical analysts highlight improving structure across several timeframes, supported by rising volume. If current levels hold, price action points toward a potential move into the $144–$150 resistance zone.
According to analyst Rand, the weekly Solana price chart shows a decisive break above a four-month descending resistance line. Price reclaimed the $134 area in early January after trending lower from mid-2025 highs near $200. This move marked the first sustained shift in weekly structure since the correction began.
The breakout occurred alongside improving volume conditions following the holiday period. Weekly candles suggest buyers are regaining control after defending the $115 support zone. Horizontal resistance levels remain at $144 and $150, which previously capped upside attempts.
Moreover, the weekly structure reflects resilience after prolonged consolidation. Holding above the former trendline favors continuation toward higher resistance. A loss of $134 would instead expose a retest of the $120 region.
Meanwhile, according to analyst Harry, the four-hour SOL perpetual futures chart shows constructive price behavior. Solana price rebounded sharply from $115 and stabilized above $130, challenging the former trendline resistance. January candles indicate reduced downside volatility compared to December.
This stabilization suggests accumulation rather than reactive buying. The ability to hold above $134 on a daily close is viewed as critical confirmation. Such a close would signal acceptance above resistance and unlock higher targets.
In addition, the intraday structure reflects improving momentum conditions. If price sustains above the breakout level, a measured move toward $150 becomes feasible. Failure to maintain this zone would likely lead to renewed consolidation near $125.
In addition, analyst DonnieBTC highlighted a falling wedge pattern that has guided price action since November. Solana compressed within this structure after declining from $160, before rebounding toward the upper boundary. The recent test near $134 places the price at a critical decision point.
Falling wedges typically resolve higher when downside momentum fades. The chart identifies $144 as a notable sell wall that could slow upside progress. Clearing this level would confirm strength and shift focus toward the $150 region.
Furthermore, higher-timeframe alignment supports a bullish bias if resistance gives way. Sustained trade above the wedge would suggest a broader trend reversal. Rejection at resistance would delay continuation but keep the recovery structure intact.
The post Solana Price Analysis: SOL Breaks Downtrend as Bull Reversal Targets $150 appeared first on CoinCentral.
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