After bouncing from the $142 support cluster last week, the Solana price today is consolidating just below the $154 resistance level. The structure remains within a tightening wedge, where the battle between bulls and bears is intensifying. With funding rates positive and open interest rising, speculative momentum is building ahead of a potential breakout.
What’s Happening With Solana’s Price?
Solana has formed a symmetrical triangle on the 4H chart, with higher lows from $142 and descending highs from the June peak near $157. This wedge compression is now squeezing price into a narrow apex zone between $150 and $154.
On the daily timeframe, SOL is also pinned below a descending trendline from April’s highs. However, price has reclaimed the mid-range of the recent structure and is now testing both the local trendline and a prior demand-turned-supply zone. The range between $154 and $157 is a confluence resistance that needs to be flipped for continuation.
If bulls break above this zone with volume, a revisit of $162 or even $171 is possible. But failure to clear $154 could expose Solana to a pullback toward $144 or deeper into the $141–142 liquidity pool.
Why Solana Price Going Up Today?
Why Solana price going up today could be linked to improving short-term momentum conditions and positioning shifts in derivatives data. The VWAP on the 30-minute chart has flipped bullish and now acts as dynamic support near $151.
Supertrend on the 4H chart remains neutral but is about to flip bullish if SOL closes above $153.2. Meanwhile, Parabolic SAR dots have flipped below price on short-term timeframes, suggesting buyers are regaining control.
The Directional Movement Index (DMI) shows a bullish crossover, although ADX remains below 20, indicating a weak trend.
On-chain derivatives data backs this with long/short ratios favoring bulls across exchanges (Binance top trader ratio >2.2), and funding rate is now positive at +0.0046%, signaling rising long interest.
Solana Price: Momentum Builds Under Resistance Zone
The 4H Bollinger Bands are tightening between $148.8 and $153.3, signaling upcoming volatility expansion. Price is currently pressing against the upper band, hinting at an attempt to break resistance.
EMA cluster analysis shows price trading just above the 20/50/100/200 EMAs, which are now layered between $148.7 and $150.8. This bullish EMA stack supports further upside if $154 is cleared.
Fibonacci levels place the 0.382 retracement from the June high around $152.4, right where price is hovering. If bulls can push through the 0.236 at $154.4, momentum could accelerate toward $157.1 (R3 pivot).
Traders should monitor the $154.4–$157 resistance channel closely. A clean breakout with volume could open up the upper pivot levels, while failure risks another dip into the $144–142 accumulation base.
Solana Price Prediction: Short-Term Outlook (24h)
Solana remains trapped in a tightening zone, but short-term momentum is gradually shifting bullish. If buyers can flip $154 into support, it could trigger an impulsive move toward $157 and $162. Conversely, rejection could drive price back to $146 or even $142.
Solana Price Forecast Table: July 8, 2025
| Indicator/Zone | Level / Signal |
| Solana price today | $152.40 |
| Resistance 1 | $154.40 (Fibonacci + Pivot R1) |
| Resistance 2 | $157.10 (Pivot R3) |
| Support 1 | $146.60 (Pivot S3) |
| Support 2 | $142.40 (Fib 0.5 + Demand Zone) |
| RSI (4H) | 54.3 (Neutral-Bullish) |
| MACD (4H) | Bullish crossover |
| Bollinger Band Width | Tightening (Breakout likely) |
| Supertrend (4H) | Near bullish flip @ $153.2 |
| EMA Cluster (4H) | Bullish stack above $148.7–$150.8 |
| VWAP (30-min) | Bullish support near $151.2 |
| DMI (4H) | DI+ > DI−, ADX < 20 (Early uptrend) |
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