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Key Takeaways:
- Solana is holding strong above $136 support despite a recent 20% drop.
- Network activity remains high, with 3,800 TPS showing continued user demand.
- Bullish MACD and Parabolic SAR signals hint at a potential rally toward $147–$155.
Solana’s native token, SOL, recently slipped below the critical $135 level, triggering a 20% correction. While the decline shook out some short-term holders, on-chain and technical indicators suggest that this may just be a healthy pullback before another leg up. Network demand remains robust, and early momentum indicators are beginning to flip bullish.
💰 #SOL is preparing for a strong breakout 🚀
— Marzell (@MarzellCrypto) June 24, 2025
Solana is bouncing from a key demand zone + confluence with 0.618 Fib level — forming a bullish wedge pattern 📈
✅ Ideal LONG zone identified
A breakout from the descending wedge could trigger a sharp move upward toward the targets… pic.twitter.com/WSiDyfecDm
Strong Network Activity Signals Undervaluation
Despite the price correction, Solana’s blockchain remains as active as ever. As of this week, it still processes around 3,800 transactions per second (TPS) — only a slight 13% dip from its 4,370 TPS high on June 12. This continued throughput suggests that usage remains resilient even in bearish conditions.
This divergence between network strength and price performance often signals undervaluation. When fundamentals hold strong while price falters, experienced traders see opportunity. SOL’s recent bounce above $136 is particularly notable, as that level aligns with a shift in the Parabolic SAR, a signal that often precedes trend reversals.
Technical Indicators Show Bullish Momentum Brewing
From a technical analysis perspective, SOL’s positioning above $136 also brings it in line with the Bollinger Band midline, reinforcing its importance as a short-term support level. Additionally, the MACD indicator is starting to turn upward — an early signal of growing bullish momentum.
If Solana manages to close above $140, it may open the path to test resistance at $147, with a potential push toward $155 if volume confirms the move. That would represent a 15% gain from current prices. However, caution is warranted. A failure to hold $136 could quickly send SOL back to the $130 demand zone.
Demand for Blockspace Remains Resilient
While many altcoins suffer from waning usage during downturns, Solana’s user activity has remained high. This strong demand for blockspace supports the argument for a rebound. As long as on-chain activity remains elevated, buyers have reason to defend support levels — particularly if technical indicators continue to strengthen.
Also Read: Solana Foundation, Kazakhstan Partner to Launch Solana Economic Zone
Solana’s blend of steady network demand and emerging bullish technical signals sets the stage for a potential short-term rally. With the Parabolic SAR flipping bullish, MACD rising, and key support holding, a move toward $147 or even $155 is on the table. However, the $136 level remains the battleground. Traders should watch it closely — the bounce might just be beginning.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
