Solana Price Analysis: Uptrend Continuation in Sight
Solana (SOL) has demonstrated notable strength in its recent price action, maintaining a bullish structure characterized by higher highs and higher lows. The cryptocurrency’s ability to defend its 21-day exponential moving average (21EMA) has reinforced the continuation of its upward trend. This dynamic support level has historically played a crucial role in Solana’s trend behavior, often acting as a catalyst for further price appreciation.
The recent bounce from the 21EMA is technically significant, as it converges with short-term dynamics, volume structure, and market profile levels. As buyers step in to defend this zone, Solana is now positioned for a possible upside continuation, provided key levels are reclaimed and held on a closing basis. The 21EMA’s coincidence with the checkpoint strengthens the support zone, increasing the likelihood of a sustained uptrend.
Key Technical Points and Market Structure
Solana’s price action continues to record consecutive higher highs and higher lows, a characteristic feature of trending markets. The recent decline did not violate structural support but instead found demand at the 21EMA, suggesting that buyers remain in control. The 21EMA has historically acted as a reliable continuation level for Solana during times of strong trend behavior, and the recent bounce from this moving average reinforces the idea that the market is in a healthy consolidation rather than a trend reversal.
The control point, which represents the price level at which the highest trading volume occurred, often acts as a price magnet. A successful recapture of this level would signal renewed acceptance at higher prices and strengthen the case for a continuation. With support held, attention now shifts to the upper resistance levels, including the high of the value area and the recent swing high, where dormant liquidity is likely positioned.
Resistance Zones and Liquidity Targets
The next area of interest is at the high of the value area and the recent swing high, where dormant liquidity is likely positioned. These zones often serve as natural price targets during continuation periods as markets look for liquidity to enable further movement. If Solana can retake control point on a closing basis, the likelihood of a rotation move towards these higher levels increases. Once price starts moving into these zones, liquidity above previous highs can provide the necessary momentum for an extension towards the $156 region.
The $156 level represents major resistance on a high time frame and serves as a primary upside target for the current structure. A move towards this level would confirm that the uptrend remains dominant and that buyers continue to control the price action. Volume behavior will be a key factor in whether the rally can continue, with an uptrend continuation most effective when supported by increasing buy-side volume.
Volume and Momentum Considerations
While structure and support remain favorable, volume behavior will be crucial in determining the sustainability of the rally. A volume-backed recapture of the control point would significantly strengthen the continuation thesis and increase confidence in a move towards $156. Without volume confirmation, the price could continue consolidating above the 21EMA before attempting another move higher.
SOLUSDT (4H) chart, source: TradingView
Conclusion and Future Price Development
A successful recapture of the control point would open the door for a rotation towards the high of the value area and the previous swing high, with $156 acting as the primary resistance target on the high time frame. Failure to hold the 21EMA would delay the continuation of the uptrend, but would not immediately override the broader structure unless key higher and lower support is lost. For the latest Solana price analysis and updates, visit https://crypto.news/solana-price-bounces-from-21ema-with-156-upside-target-in-sight/
