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Solana price is up by nearly 4% today, April 19, and traders are now eyeing the next bullish leg to $200. However, for SOL to hit this psychological level, it first needs to flip resistance at $150, and the recent liquidations of $1M sell orders suggest that the altcoin may be ready for this rally.<\/p>\n
Solana price is recovering<\/span><\/a> after breaking past a key resistance zone at around $138. This rally led to liquidations of $1M, as depicted by the SOL liquidation heatmap. After clearing this sell wall, Solana now looks primed to bounce to $150 if buyers maintain control.\u00a0<\/span><\/p>\n Data from Coinglass<\/a> further shows that the\u00a0recent surge in buying pressure around Solana also occurred after more than $13M in short liquidations. The closure of these short positions caused a spike in buying activity, which created the buy-side demand to meet the selling pressure from the limit sell orders.\u00a0<\/span><\/p>\n As more short positions are liquidated as the Solana price rallies, it makes a bullish case for this altcoin, suggesting that the uptrend may be sustained.<\/p>\n Solana price is trading within a high value area between $126 and $170. If SOL sustains the uptrend and holds levels above $138, it could result in an uptrend to the PoC line of $142. Making a decisive close above the $142 will push the altcoin past $150 to $183.\u00a0<\/span><\/p>\n At the same time, <\/span>SOL remains under bearish pressure<\/span><\/a> and risks facing rejection at $138 again if buying pressure is insufficient to absorb selling demand. Being rejected here could lead to the Solana price retesting support at $126. <\/span><\/p>\n If the downtrend continues and SOL fails to hold support at $126, it will flip the market structure to bearish and accelerate the downtrend to $100. Breaking the psychological level of $100 will then push SOL to $74.\u00a0<\/span><\/p>\n The Solana blockchain has recorded a significant uptick in activity, further making the case for a bullish <\/span>Solana price prediction<\/span><\/a>. Data from DeFiLlama shows that the market cap of stablecoins on the SOL network has surged to $12.72 billion after increasing by more than $170 million within seven days.\u00a0<\/span><\/p>\n At the same time, <\/span>data from DappRadar<\/span><\/a> shows that Solana dApp volumes have increased by 16% in the last seven days to $852 million. This further highlights that the Solana network is recording massive adoption, which may precede gains in the price.\u00a0<\/span><\/p>\n Considering these factors, it is likely that the Solana price will soon rally to $150 amid a surge in buying activity and blockchain usage. However, for SOL to sustain this uptrend, it needs to make a decisive close above $138 and move above the PoC of $142 to rally to $183.\u00a0<\/span><\/p>\n The post 4% Solana Price Rally Obliterates $1M Sell Wall, Is $150 Next?<\/a> appeared first on CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Solana price is up by nearly 4% today, April 19, and traders are now eyeing the next bullish leg to $200. However, for SOL to hit this psychological level, it first needs to flip resistance at $150, and the recent liquidations of $1M sell orders suggest that the altcoin may be ready for this rally. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-389910","post","type-post","status-publish","format-standard","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/389910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=389910"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/389910\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=389910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=389910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=389910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"4%](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/04\/SOL-Liquidation-Heatmap-2025-04-19_10_51_38-1.png\")
Solana Technical Analysis as SOL Eyes $150<\/h2>\n
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Network Activity Makes Bullish Case for SOL Price\u00a0<\/strong><\/h2>\n
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