Solana Skyrockets 40%, Breaking Past the $125 Milestone
The Solana crypto is regaining its colors. After a 47% drop since the beginning of March, SOL has just rebounded strongly, surpassing the critical threshold of 125 dollars. This technical breakout immediately caught the attention of investors, potentially marking a major turning point in the recent bearish trend.
Solana triggers a bullish momentum after a jump to 125 dollars
The recovery occurs in a context of stabilization and a general surge in the crypto market, notably in bitcoin stocks, boosted by a 90-day pause on American customs tariffs — excluding China, which is now facing a 145% tax. This announcement propelled risk assets, including Solana, into a significant rise.
Since last Monday, Solana has shown an impressive gain of 40%, with a low point observed around 95 dollars. The famous crypto analyst Big Cheds stated on X that Solana had triggered a bullish thesis after reclaiming several key levels. In particular, the crossing of the 200 MA and EMA moving averages on the 4-hour time frame (around 125 dollars and 128 dollars) reinforces buyers’ conviction.
200 MA and EMA moving averages on the 4-hour time frame
A decisive threshold for SOL: between bullish breakout and risk of pullback
The crypto SOL is currently trading at 128 dollars, but attention is now turning to the next major resistance at 146 dollars. A breakthrough beyond this level would confirm a bullish structure and could herald a real rally. However, risks remain.
If Solana fails to stay above 125 dollars, a return to the 100 dollar zone cannot be ruled out. In an still unstable macroeconomic climate, SOL’s ability to hold this support will determine if the current trend marks the beginning of a sustainable rebound — or if it’s just a fleeting surge.
Solana’s recent surge rekindles hopes for a sustainable bullish reversal in the crypto market. But to validate this momentum, SOL will need to maintain the 125 dollars and break through the resistance at 146 dollars. The coming days will be crucial to confirm the strength of this rebound. Furthermore, the anticipated arrival of Solana ETFs in June 2025 could catalyze its adoption and support the current bullish trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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