Solana (SOL) Shows Signs of Recovery, Breakout Above Descending Trendline Suggests Bullish Move

April 15, 2025 – Solana (SOL) is showing signs of recovery after a difficult start to the year, and the latest price action suggests a potential bullish move

April 15, 2025 – Solana (SOL) is showing signs of recovery after a difficult start to the year, and the latest price action suggests a potential bullish move. After falling below the critical $100 mark in the early-month crash, Solana found solid support above $95 and initiated a buying rally.

Solana’s most recent technical development has been a breakout above a descending trendline that had been acting as resistance since the cryptocurrency’s momentum waned in January. This breakout has led many traders to believe that SOL may be poised for further gains in the near future, especially if it manages to pierce through the recent resistance levels. A Strong Reversal After Early Crash

The $100 level had been a key psychological price point for Solana, but after the early-month crash, it was unable to maintain itself above that threshold. However, the $95 support provided the stability needed for a strong recovery. Over the past week, this support has been tested and proven resilient, allowing Solana to regain some upward momentum.

After falling below the critical $100 mark in the early-month crash, Solana found strong support above $95 and initiated a buying rally.

The Breakout: Potential Bullish Trend

On the daily chart, Solana has shown a bullish breakout from a descending trendline that had been acting as a cap on its price since January. This breakout has opened the door for further gains, with some traders eyeing the $296 peak as a potential target if Solana continues its bullish move.

However, as Solana’s price approaches a key resistance level, it could be a turning point for the latest buying momentum. This resistance could stall the rally, leading to a consolidation phase or even a pullback if it proves too difficult to break.

Testing the Trendline and Bullish Interception

In a unique turn of events, Solana attempted to retest the broken trendline as support, but this move was interrupted by a bullish interception, a sign that buyers are still present and attempting to push prices higher.

As of writing, Solana is continuing its climb in intraday trading, and traders will be focused on whether it can break through the nearby resistance level.

What’s Next for Solana?

If Solana manages to break higher past the current resistance, it could continue its bullish trend, potentially recovering further toward previous highs. On the other hand, if it faces rejection at the resistance, we might see a pullback, possibly retesting the broken trendline for support.

If this trendline fails to hold, then Solana could slide back to its bottom levels before attempting another rally. The higher high and higher low pattern seen on the hourly chart suggests that Solana is forming a strong upward structure.

The outcome will depend largely on how the price reacts at the current resistance levels. As traders keep a close eye on Solana’s movements, the next few days could offer crucial insights into the direction SOL will take in the coming weeks.

Will Solana sustain its bullish momentum, or will the resistance push it back to test the trendline once again?