Solana Price Spikes 6% as the Crypto Market Rebounds – Bulls Target $150

Highlights:

• Solana’s price has soared 6% to $113 as the crypto market rebounds. 
• Despite the rebound, the SOL price struggles below key moving averages.
• Technical indicators show mixed reactions as bulls target to break through $120.

The Solana price has rebounded, reclaiming the $100 support level, as President Trump pauses trade tariffs. As the broader uptrend carried across the cryptocurrency market, Solana jumped 6% to surmount the wall at $120.

A run above the descending trend line at $107 suggests short-term market momentum changing, and the price surged to $105-$112. Despite the recent rebound, Solana’s price still trades below key moving averages, including the $134 and $181. 

Solana rebounded sharply after dipping below $100 on April 7, hitting $113.81 by April 10, a 17% gain in 3 days. $SOL is showing strong support near key levels.
Momentum building?

With growing DePIN activity, memecoin traction, and L2 integrations on the rise, #Solana’s… pic.twitter.com/1velO1NHcJ

— Blockchain Bulletin (@thebbcrypto) April 10, 2025

Meanwhile, Solana’s main resistance levels are $118 and $120. The Solana bulls must make a strong break above these levels for a bullish reversal outlook. A successful breach above the $120 barrier could open the door for the next resistance level, $125. Further resistances are waiting at $127, $140, and $150.

If Solana fails to break the $120 resistance, the support ranges will become fundamental in cushioning downside movements. The support of immediate support lies at $112.A break below this level will see Solana’s price return to $105,$100, and $94.

Support zones in the larger crypto market are a foundation for new price rallies and temporary recoveries. Staying above $105 is crucial to maintaining a bullish mood, as a fall below this level can also draw in short sellers and damage the bull’s horns. However, these levels can become an entry point for long-term buyers, provided the market conditions are ever-declining and risk appetite remains positive. Solana’s line of defense is the $100 mark in the short term.

Technical Indicators Signal Market Indecision

Due to the technical analysis, Solana is warned to be in a weak equilibrium. The MACD indicator has flipped below the orange signal line on the daily chart outlook. The Relative Strength Index (RSI) has notably hurtled from the 30-mean level, currently at 41.85.

With the key resistance level, traders should be careful when decoding these indicators. Despite being a strong sign of strength, Solana’s price requires justification for bullish or bearish positions. Adding technical evaluations with market news, volume data, and trends in crypto will give investors more clarity. 

What Next for Solana Price

In the meantime, Solana’s fate in the crypto market cycle concerns the price conquering the $120 resistance. This will pave the way for a bullish outlook in the SOL market. Market fundamentals remain strong as the Solana network keeps improving, and the adoption continues to grow. The temporary movement, however, depends on technical confirmation and investors’ confidence in Solana.

Solana’s price similarly follows Bitcoin and Ethereum, being closely correlated to the path of the broader market. SOL might reutilize the constant upward trend if market sentiment stays and the resistance levels get crossed. On the negative side, not keeping the stability up may cause more volatility. This is an essential element for traders and investors so that they remain alert and respond. Solana’s subsequent move should help define its trend in the competitive crypto market based on these developments.