Solana rebounds from $119 support – But can SOL push higher?
The post Solana rebounds from $119 support – But can SOL push higher? appeared on BitcoinEthereumNews.com.
Solana extended its recovery on the 29th of December, posting a fourth straight daily gain as the price rebounded from a key support zone. The asset rose 2.45% during the session, while the broader market tone improved. Several traders on X shared optimistic projections, pointing to further upside. At press time, Solana traded near $127.5, up 2.45% over 24 hours. Trading activity expanded sharply during the move. CoinMarketCap data showed Solana’s [SOL] 24-hour trading volume jumped 161% to $4.15 billion, signaling elevated market participation. That volume expansion suggested growing interest in SOL’s near-term direction, even as traders weighed conflicting signals. Support retest steadies SOL price Solana’s daily chart showed price rebounding after a successful retest of the $119 support zone. That level had previously acted as a reversal area, with price respecting it across the last four sessions. Source: TradingView Based on the chart’s structure, a sustained hold above $119 could allow a move toward $145, implying roughly 13.8% upside. In addition to the price action, the Average Directional Index (ADX) value has reached 25.62, right at the key threshold of 25, indicating that the ongoing trend is gaining strength and a sustained directional move could be underway. However, the CMF (Chaikin Money Flow) value remains negative and was at -0.13, indicating that selling pressure dominates the market, signaling weak buying interest at current price levels. Despite mixed signals from technical indicators, crypto experts on X appear to be making bold predictions. Some suggest that SOL could soar to $144, while others predict a move to $147. A few also believe that the SOL price has the potential to climb above the $150 level in the coming days. Traders’ over-leveraged levels Amid this bullish outlook, intraday traders continue to show a bearish bias. According to the latest data, $122.2 on…
Filed under: News - @ December 29, 2025 10:17 pm