Solana (SOL) Consolidates as Market Eyes Bullish Expansion

Solana is trading at critical levels after weeks of strong price action and tight consolidation around current prices.

Solana is trading at critical levels after weeks of strong price action and tight consolidation around current prices. Following an impressive 80% rally from its April lows, seen on the Solana price chart by TradingView, SOL is now testing a key horizontal zone that could decide whether the uptrend continues or stalls in the short term.

The recent consolidation has allowed the market to cool off while keeping the bullish structure intact—an encouraging sign for traders watching for a continuation move.

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Solana is still in the process of flipping a major horizontal level, which could provide the momentum to push toward new local highs and open the door to a full recovery rally.

Top analyst Jelle shared that Solana is now retesting the $190 resistance level, a key technical barrier that could determine the short-term trend of SOL.

“Above $190, all bets are off. It opens the door to a full recovery rally and puts Solana back on track to retest all-time highs. Until then, it’s a coin that is holding its own while Bitcoin decides what it wants to do.”

Solana’s ability to hold above the $170 support during periods of volatility showcases its resilience and positions it as one of the better-performing assets in the current market cycle.

If bulls can maintain control and volume returns on the next breakout attempt, Solana could be gearing up for another leg higher in the days ahead.

Solana consolidates as market eyes bullish expansion

Solana is currently consolidating just below a critical resistance level—the last major barrier before a potential breakout toward the weekly range highs.

After gaining over 80% since its April lows, Solana is showing remarkable strength compared to most altcoins. However, the broader market remains on edge, as Bitcoin continues to trade just below its all-time highs, leaving investors uncertain about the potential for a correction.

Despite this uncertainty, momentum across the crypto market suggests that the recent rally may be more than just a short-term bounce. Many analysts believe this could be the beginning of a larger bullish phase, one that carries significant upside if key resistance levels are cleared.

Solana’s current consolidation is taking place directly under a major technical ceiling—if bulls can reclaim this zone, the path toward much higher prices opens quickly.

Jelle noted this in a recent post, highlighting the importance of the $190 level. According to his analysis, “Above $190, all bets are off. It opens the door to a full recovery rally and puts Solana back on the track to retest all-time highs.

For now, SOL is holding its ground while the market waits for Bitcoin's next move. If BTC confirms strength and Solana breaks above $190, it could mark the beginning of a new wave of bullish price action, not just for SOL but for the broader altcoin market as well. The coming days may be pivotal.