Solana Price Outlook – SOL Rebounds 8% as Bulls Target $150 Mark

Highlights:

• Solana’s price has rebounded 8% to $111 as the broader crypto market recovers. 
• The crypto analyst highlights that the $80-$140 levels present buying opportunities for short-term traders. 
• The undervalued RSI shows a potential rebound to $150 in Solana price.

The Solana price has rebounded 8% to the $111 mark as the broader crypto market recovers. Despite the bounce back, the daily trading volume has plunged 13%, indicating a recent fall in market activity. Meanwhile, various altcoins, led by Bitcoin, Ethereum, and XRP, have recovered tremendously by 3%, 1%, and 5%, respectively. 

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Meanwhile, various analysts are optimistic about an upward trajectory in SOL after it has reclaimed the $100 support region. According to OCT Trades, long-term buyers should enter the market once SOL crosses the $150 mark. In the meantime, the $80 and $140 present a buying opportunity for short-term traders.

$SOL – @solana | Weekly Timeframe 📈

Weekly long term support under test from $80 to $100

Same level was retest in 2022 before the big rejection around $130

Long term buyers should look to enter once the price moves above $150

Good for traders between $80 to $140 in the short… pic.twitter.com/FpTO85X6qY

— OCT Trades (@oct_trades) April 8, 2025

Solana Price Outlook

On April 7, Solana’s price took a sharp step back, hitting around the $96 mark, as sellers deepened their grip. However, the bulls have bounced back today, as the SOL token is up 8% to $111. Despite the Solana price trading below the key moving averages, painting the bigger picture as bearish, the bulls are showing strength.

If the buying appetite surges in the SOL market, the bulls could target the immediate resistance area at $124. A break above this level will see the bulls rally toward the $136 level, coinciding with the 50-day MA. 

Solana is at $111, a lifetime away from its dazzling high of $295, which made it the most promising internet star. Now, it’s not in the middle of the bull, leading the herd, but in the hush of possibility —still sitting at 7th on CoinMarketCap.

The price has gone down, but the story has not fallen apart. For some, Solana is just a token; for others, it represents speed and the idea that a blockchain can be attractive and functional. It’s no longer about whether it can reclaim its throne but if the world still needs what Solana promised.

Meanwhile, the Solana price still paints a big bearish picture despite the recent rebound. The death cross in the market manifests this. A death cross indicates a further price drop if the bulls don’t gain stamina. The 50-day MA at $136 has flipped below the long-term 200-day MA at $182.

The Relative Strength Index, at 37, notably tilts the odds toward the sellers. Its position below the 50-mean level shows that the selling momentum is dominating. However, with the altcoin undervalued, the SOL bulls could ignite a buy-back campaign, causing a spike in the RSI toward the 50 level. 

Meanwhile, a rally toward $200 could be plausible if the bulls show strength at this level. If the bulls reclaim the $124 resistance and flip it into the support floor, a rally toward $136 could be imminent. A break above this level would invalidate the bearish thesis, as the bulls target the $152 mark. A decisive close above this area will call for more buy orders, which could see Solana’s price rally toward $167, $172, $186, or even 200 in the coming days. 

Conversely, a Solana price could retest the $106 support level if the bearish momentum dominates. A breach below this level would call for a deeper correction to $100, $96, and $75. Meanwhile, traders and investors should pay close attention to resistance and support levels as they determine the next direction in SOL price.

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