Solana is currently at $133.31 today. That’s down 0.98% over 24 hours. Volume sits at $2.62 billion, over 42% lower than yesterday. Still, the weekly chart flashes green. SOL gained 10.93% over the past seven days, now holding firm around the $133 mark.
Short-term charts say the story’s not done. A one-hour candlestick chart pegs SOL at $135.12. It climbed 1.31% in the last few hours. Green candles stack up. The price touched a peak of $136.18 before easing slightly. There’s a wall up top. Resistance holds between $135 and $136. That’s where sellers show up. Support lies around $132–133, where buyers re-enter.
Solana’s Upward Trend Remains Intact Despite Mixed Indicators
Technical signs look mixed. Moving averages tell a bullish tale. MA5, MA10, and MA30 all hover above the longer-term MA60. Price floats above all of them. The trend stays upward for now.
Parabolic SAR backs the bulls. It sits at 133.01, still below the current price. As long as SOL holds above that line, momentum stays positive. But not everything’s rosy. The MACD line slipped below the signal line. That’s a bearish crossover. It may hint at fading strength. The histogram remains positive though, meaning the drop could be brief.
Volume doesn’t shout excitement either. At 28.2 million, it’s steady, not explosive. If SOL wants to break past $136, it’ll need a surge in buying power.
Will Solana Break $136? What Bulls Need for a Stronger Uptrend
The broader picture adds some optimism. Galaxy Research just proposed a new way to vote on Solana’s token inflation. The plan, called MESA, replaces the old yes-or-no model with something smarter. Validators could now choose from a range of inflation rates. Each vote carries weight based on the validator’s stake.
The proposal is designed to solve gridlock. No more endless revotes. No more all-or-nothing passes. If approved, the proposal could make Solana governance easier, and more agile. For the moment, the cryptocurrency remains steady. The uptrend continues, but a near-term pullback is possible. If SOL cannot break above $136, look for it to return to $132–133. Bulls will need volume, and momentum, to make higher gains.
