Solana (SOL) Price Breaks Out of Symmetrical Triangle, Targeting $152–$420

Solana Price entered the new week testing critical resistance levels, with traders and institutions showing renewed interest.

Institutions and traders are showing renewed interest in Solana (SOL) as the crypto slid toward critical resistance.

A sharp bounce from range lows and record network metrics now place SOL’s price within striking distance of $150.

Futures tied to the S&P 500, Nasdaq, and Dow Jones gained over 0.5% on Monday, lifted by optimism around Donald Trump’s proposed reciprocal tariffs.

Traders expect country exemptions and a non-cumulative charge structure, boosting broader risk sentiment.

Meanwhile, the Federal Reserve’s stance on possible inflation from tariffs remains dovish. Officials described the threat as “transitory,” leaving room for two interest rate cuts this year.

BitMEX co-founder Arthur Hayes expects Bitcoin to respond favorably, targeting $110,000 before a possible retest of $76,500.

Solana Futures ETFs Launch, Demand Follows

Solana gained institutional backing as Volatility Shares launched two futures exchange-traded funds—SOLZ and SOLT—on Nasdaq on Monday.

This followed filings by Franklin Templeton and VanEck, which submitted proposals for spot Solana ETFs.

Bloomberg recently described it as a “breeding ground” for insider-driven memecoin pumps, citing post-launch crashes of tokens linked to Donald Trump, Melania Trump, and Argentina’s President Javier Milei.

Solana co-founder Anatoly Yakovenko defended the network’s approach, rejecting the need for Layer-2 scaling.

He claimed Layer-1 speed, affordability, and finality render such upgrades redundant, contrasting it with Ethereum’s slower stack.

SOL On-Chain Activity Hints at Fresh Momentum

Network fundamentals remain robust. DeFiLlama data show Solana’s total value locked (TVL) surged to 54.87 million SOL—the highest since June 2022.

Meanwhile, the stablecoin market cap on the network tripled to $12.36 Billion since December 2024.

Decentralized exchange (DEX) volume on Solana peaked at $258 Billion in January before easing to $105 Billion in February.

Amid the pullback, over $72 Million in assets migrated from Ethereum to Solana, showing fresh cross-chain flows.

According to Ali Charts, more than 11.09 million wallets now hold SOL. Weekly active addresses on Solana also surpassed 17 million, sharply above Ethereum’s 1.8 million.

Binance wallets have increased their SOL holdings, signaling accumulation.

Solana Price Symmetrical Triangle Breakout Sparks $152–$420 Targets

From a technical standpoint, bullish traders are eyeing a breakout.

Pseudonymous trader Satoshi Flipper told followers on Friday that SOL appears to be breaking out of a symmetrical triangle. If the price can clear $132, then he sees a potential move to $152.

That scenario gained support over the weekend.

CryptoCurb posted, “SOL just broke upwards out of the downtrend that we’ve been under since the Jan, 20 Trump highs,” adding that $420 could be the next target.

GreenyTrades noted, “HUGE $SOL weekly close!! Stochastic momentum pivot is now at $127 for the next week.”

Trader @eth_exy added that he bought more SOL near $133 after the asset bounced off a key support area held for over a year.

“Taking a risk here looks good to me,” he wrote.

Solana Price Lingers Below $140 Amid Uncertain Sentiment

Despite the bullish activity, Solana continues to trade within the $120–$140 range. The price reached $133 on Friday, still well below its January peak of $298.31.

SOL bulls expect momentum to build heading into April, aided by a supportive macro backdrop and increased ETF access.

However, whether Solana price can reclaim $150 and extend toward $420 remains tied to market confirmation.

Solana’s short-term direction depends on sustained buying above $132 and validation of breakout levels.