SOLANA PRICE APPROACHES $167 FOLLOWING MARKET STRUCTURE CHANGES
The Solana price is holding steady above a key support level at $117. A move above $147 could signal a bullish shift in market structure, with potential upside toward $167.
The recent price action marks a notable turning point after an extended downward move. For several weeks, SOL formed consecutive lower highs and lower lows, confirming a bearish trend. However, the price has bounced strongly from an important support zone, suggesting that a structural change may be underway.
With buyers defending critical levels and momentum improving, the key question now is whether Solana can break higher resistance and confirm a trend reversal.
Solana Price Key Technical Levels
- $117 – Critical High-Time-Frame Support: This level has acted as a strong confluence zone, attracting buyers and fueling the current rally.
- $147 – Structure-Shift Trigger: A break above this swing high could confirm a bullish shift in market structure.
- $167—Next Upside Objective: If a higher low is confirmed, price could rotate toward this resistance level.
$117 Support Zone: A Key Technical Floor
The $117 area has emerged as a technically significant region on Solana’s chart. It aligns with high-time-frame support, the value area low, and the point of control, creating strong confluence. Such zones often attract institutional interest, even as broader ecosystem events unfold—for example, Solana’s co-founder recently explained why Jupiter’s $70 million buyback did not lift JUP’s price.
Price has reacted decisively from this zone, indicating that selling pressure has eased and buyers are stepping in with conviction.
Formation of a Base and Rally
Instead of continuing lower, SOL formed a base and launched a rally from the $117 region. This behavior suggests that downside momentum is weakening, especially after extended impulsive declines.
Maintaining price above this zone reinforces its role as a short-term structural floor, highlighting its importance for potential bullish developments in the near term.
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Market Structure Begins to Improve
Although Solana’s broader trend has been bearish, the recent rebound sets the stage for a potential shift in trend. The key level to watch is the $147 swing high, which represents the most recent lower high in the downtrend. As long as the price remains below this level, the overall bearish structure technically remains intact.
A clean break and close above $147 would confirm a higher high, signaling a structural shift from bearish to bullish. This would be significant, marking the first higher high after a sequence of lower highs and suggesting that buyers are regaining control of the trend.
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Upside Potential Toward $167 Resistance
If the structural shift is confirmed, the next key upside target is $167, a high-time-frame resistance level that hasn’t been retested yet. This zone often acts as a magnet for price follow-through after structural reversals, especially when prior resistance levels remain untested.
A move toward $167 would indicate a meaningful recovery from recent lows and signal renewed bullish momentum across higher time frames. How strongly price approaches this resistance will help determine whether Solana can extend gains further or enter a consolidation phase.
What to Expect in the Coming Price Action?
Solana is currently at a pivotal inflection point. As long as it holds above the $117 support level, the chances of a bullish structure shift remain elevated. A decisive break above $147 would confirm a new higher high and pave the way for a continuation rally toward $167.
However, failure to reclaim $147 would keep the broader structure neutral to bearish and increase the likelihood of range-bound movement. In the short term, Solana’s next directional move will depend on how the price reacts around these critical levels.
