Solana continues to trend higher on the weekly time frame with consecutive higher highs and higher lows. The $162 support remains the foundation for continuation toward the $260 resistance.
Summary
- $162 support is the critical high-time frame base.
- Value area high remains the key resistance to reclaim.
- Breakout above resistance could target $260 in the coming weeks.
Solana’s (SOL) weekly chart highlights a strong and intact uptrend, with the asset consistently posting higher highs and higher lows. The establishment of $162 as a high-time frame support has given buyers a clear level to defend in the weeks ahead. As long as this zone holds, Solana’s broader bullish structure remains firmly in place.
Key technical points
- $162 Support Zone: Major high-time frame support maintaining bullish structure.
- Value Area High Resistance: Needs to be reclaimed for further momentum.
- Upside Target at $260: Next key resistance if value area high is broken with conviction.
The $162 level has been a decisive pivot point for Solana. This area represents both structural support and a key demand zone, providing a strong base for continuation. Even if price revisits this region, the broader trend would remain bullish so long as it continues to hold on a weekly closing basis. Retests of strong support levels during uptrends are often healthy corrections that reinforce market structure.
The next hurdle lies at the value area high, which is currently capping Solana’s price. This level has historically attracted supply, and a clean reclaim above it on a closing basis would confirm market acceptance at higher prices. If this breakout occurs, momentum is likely to accelerate, pushing Solana toward $260, a level that has not been tested since it was lost in a prior cycle.
Volume trends support the bullish case, with steady inflows observed throughout the recent uptrend. Sustained volume during rallies and consolidations reflects ongoing demand, reinforcing confidence in Solana’s structural strength. For a breakout toward $260 to sustain, however, traders will want to see an uptick in bullish volume to confirm conviction behind the move.
From a broader perspective, Solana’s weekly structure remains one of the most constructive among major altcoins. The consistent higher lows demonstrate that buyers continue to absorb selling pressure, while each push higher builds pressure against key resistances. As long as $162 holds, the bullish bias remains valid despite potential short-term pullbacks.
What to expect in the coming price action
Solana is likely to consolidate further between $162 support and the value area high resistance before making its next decisive move. A confirmed reclaim of the value area high would open the door for a push toward $260, while retests of $162 would still be considered bullish so long as the level is defended.
Overall, Solana remains firmly in an uptrend, with the technical setup favoring continuation higher in the weeks ahead.
