TLDR
- Solana (SOL) trades at $177.30 after an impressive 80% rally from April lows
- SOL is testing critical resistance at $190 level that could trigger breakout to new highs
- Cryptocurrency consolidates below 200-day moving average around $181 with bullish structure intact
- Analyst says “above $190, all bets are off” for Solana’s upward potential
- Breaking resistance could open path toward $200-$220 range and potential all-time high retest
Solana is trading at critical levels following weeks of strong price action and consolidation around current prices. The cryptocurrency has posted an impressive 80% rally from its April lows.
SOL now tests a key horizontal resistance zone that could determine whether the uptrend continues. The recent consolidation has allowed the market to cool off while keeping the bullish structure intact.
Solana currently trades at $177.30 as it approaches the pivotal $190 resistance level. This level represents the last major barrier before a potential breakout toward weekly range highs.
Top analyst Jelle highlighted the importance of this resistance zone in recent technical analysis. He noted that Solana is retesting a level that previously acted as resistance.
A successful flip of this level into support could provide momentum needed to push toward new local highs. It could also open the door to a full recovery rally for the cryptocurrency.
Market Position Among Altcoins
Solana’s recent strength stands out among altcoins in the current market environment. The cryptocurrency has shown ability to hold above key support during periods of volatility.
This positioning has made SOL one of the better-performing assets in the current market cycle. Bulls maintaining control could set up another leg higher in coming days.
The broader crypto market remains cautious due to macro uncertainty. Bitcoin continues trading below its all-time highs, leaving investors uncertain about potential corrections.
Despite this uncertainty, momentum across the crypto market suggests the recent rally may be more than a short-term bounce. Many analysts believe this could be the beginning of a larger bullish phase.
Solana’s consolidation is taking place directly under a major technical ceiling. If bulls can reclaim this zone, the path toward much higher prices opens quickly.
Technical Analysis and Key Levels
Jelle emphasized the critical nature of the $190 level in his recent analysis. According to his technical assessment, “Above $190, all bets are off.”
Reclaim the grey box, and new all-time highs are back on the menu for $SOL.
Above $190, all bets are off. pic.twitter.com/onH41thtul
— Jelle (@CryptoJelleNL) May 26, 2025
Reclaiming that resistance would likely confirm a breakout and shift sentiment in favor of bulls. It would also place Solana back on track to retest its all-time highs.
SOL is currently consolidating just below resistance around $181, marked by the 200-day SMA. The daily chart shows a tight consolidation phase after the strong impulse rally.
The 34 EMA sits at $162.95, along with the 50 and 100 SMAs trending upward. All moving averages are stacked in bullish alignment below the current price.
This indicates the recent move is supported by strong trend momentum and healthy pullback dynamics. Volume has decreased during consolidation, which is typical before potential breakouts.
The 200-day SMA continues acting as resistance, capping price advances multiple times over recent days. A clean break and daily close above $181 could confirm uptrend continuation.
Such a break could open the path toward the $200-$220 range. This aligns with weekly range highs and potential all-time high retest levels.
SOL remains in a neutral-to-bullish setup while holding above $170. Keeping pressure on $181 will be critical for bulls to maintain control.
If Bitcoin stabilizes or rallies, Solana could be among the first major altcoins to break higher. The coming days may prove pivotal for the cryptocurrency’s direction.
Solana tests the $190 resistance level after an 80% rally from April lows, with analysts watching for a breakout that could trigger a move toward $200-$220.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
