- Solana’s sentiment just hit record highs after bouncing 14% from recent lows.
- Reclaiming $136 was big—but breaking $180 would be a game-changer.
- Some analysts are already eyeing $270… if momentum keeps building.
Solana (SOL) is back in the conversation, again. After getting knocked down earlier this month, the token’s now making moves to reclaim a key support level—and yeah, bullish vibes are creeping back into the room. Some analysts even think this could be the start of another strong push. But we’ve seen this movie before, right?
SOL’s Getting Its Mojo Back (Kinda)
In the past few days, Solana’s been crawling out of last week’s dip—up about 14% from that $121 level it bounced off. It even managed to hop over the $145 mark earlier this week. Five green daily candles in a row? That’s not nothing.
The market seems to be warming up to SOL again, and according to the data crew at Santiment, sentiment’s spiking hard. Like, historic-level hard.
Their Director of Marketing, Brian Quinlivan, said all this buzz is thanks to a mix of things: big institutions (hi, GameStop and BlackRock), tech progress on the chain, and yeah—plenty of community chatter and influencer hype.
“Crypto’s #5 market cap asset is seeing an astounding level of bullish sentiment pouring in on social media,” he said. That’s… a lot of hype.
Oh—and get this: Santiment says the ratio of positive to negative comments about Solana is sitting at 18 to 1. That’s basically unheard of. Just last month, people were talking like SOL was done for. Wild how fast things flip.
From Memecoins to Mayhem—and Back Again
The vibes weren’t always so high, though. After the memecoin boom—TRUMP, MELANIA, LIBRA, and all the weird side projects—things got… messy. Hype turned into scam fatigue, and the SOL community was clearly getting tired.
That crash dragged Solana’s price down more than 50% from its January highs. $200 support? Gone. And SOL hit a low of $111 not too long ago. Ouch.
But that storm might be passing.
Reclaiming $136 Was a Win—But $180 Is the Real Test
This week, SOL clawed its way back above $136, a level that’s been acting like a brick wall for the last two weeks. That same level also played a huge role during previous breakout phases in Q1 and Q4 of 2024. So yeah—it’s not just some random line on the chart.
Analyst Jelle said Solana still has “a lot of ground to cover,” even though it made a “solid reclaim” of that price zone. Another trader mentioned SOL just broke out of an ascending triangle—chart pattern fans know that’s usually a bullish sign.
Right now, SOL’s kinda stuck, hovering between $136 and $139—just chilling there, deciding what to do next. If it can confirm a breakout? Then we might be looking at a sprint toward $180.
Next Stop: Moon? Or Just Another Hype Cycle?
According to Ether Wizz (and yes, that’s really the name), Solana is “fully ready for its next B I G move.” He’s calling for $270 as the next major milestone once $180 gets cleared.
“Many people are still not ready for this move,” he added. Bold call. We’ll see.
At the time of writing, Solana is trading at $138, up around 2% over the past week. Not exactly explosive, but hey—green’s green.
