The price of Solana (SOL) is currently navigating an ascending trendline that has garnered attention from market analysts. Buyers have been actively defending higher lows near the $120 to $130 range, indicating a resilient bullish sentiment in the short term. Recent price actions suggest that momentum is building, with volume spikes reinforcing upward movements toward the critical $140 resistance level.
According to analyst Gordon, the 1-hour chart for Solana illustrates a clear ascending trendline that has held since early 2026, originating from lows around $110. This trendline has been tested multiple times, with recent rebounds suggesting that buyers are committed to maintaining this upward trajectory. A sustained move above $140 could pave the way towards $150, provided the bullish momentum remains intact.
However, the overall context presents a mixed view. Another analyst, Nehal, pointed out that a descending channel has been constraining Solana”s price action since October 2025. This channel, characterized by repeated rejections near the upper boundary around $160, indicates persistent selling pressure. Without a decisive close above this resistance, Solana”s price may continue to face challenges.
Local patterns have emerged that could signal the end of the recent correction phase. Analyst Nebraskangooner observed a developing breakout pattern on the SOL/USD chart, characterized by a falling wedge formation following the November 2025 highs around $150. Breaking above a local trendline with increasing volume suggests that bearish pressure is waning. If Solana can hold above $130, the price could continue its advance towards the $140 range.
Nevertheless, confirmation of this bullish outlook is essential. Failing to establish higher highs could result in a retreat back towards the $110 area. As optimism grows around developments in the Solana ecosystem expected in 2026, the market appears to be at a pivotal juncture.
In summary, while short-term momentum for Solana is improving, higher timeframe resistance remains a critical factor. A clear breakout above the $160 level would likely indicate a trend reversal, shifting sentiment towards a more bullish outlook. Until then, the price remains vulnerable to potential declines towards $120 or even $115 as the first quarter of 2026 unfolds.
