Solana Aiming for $150 : The Key Catalyst to Watch Now

Solana appears to be gaining momentum, but its bullish trend hinges on reclaiming key technical levels. What does market analysis reveal?

Written by Charles Ledoux

Translated on June 20, 2025 at 11:22 by Sarah

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Positive Trader Sentiment on Solana

Investor sentiment towards Solana (SOL) has significantly improved, with positioning and futures contracts activity now reflecting the potential for a new bullish momentum.

$SOL Sentiment

CROWD = Bullish 🟩
MP = Bullish 🟩

Check out sentiment and other crypto stats at https://t.co/HQDyBNuzek pic.twitter.com/myNWdJFUKU
— Market Prophit (@MarketProphit) June 20, 2025

Currently trading around $147, Solana has seen a convergence in sentiment between retail and institutional investors. Market Prophit’s “smart money” sentiment score was 1.79, while the mass sentiment remained slightly positive. Additionally, the 90-day CVD indicator for futures contracts displayed a “Taker Buy Dominant” signal, suggesting sustained buying pressure in the market.

This convergence of sentiment among different participants reinforces the strength of the underlying demand, even though the price remains confined in a narrow range for now.

Increased Investor Confidence

Binance data showed that 74.83% of traders held long positions, compared to only 25.17% in short positions. This significant long bias reflects growing confidence in a potential trend reversal.

However, such an imbalance could pose a risk if the price fails to break out to the upside, as an overly skewed position can lead to a rapid cascade of liquidations in case of a sharp market sentiment reversal.

Currently, Solana remains range-bound between $140 and $152, just below the Bollinger Band midline at $152.01. MACD values are stabilizing at -3.26, indicating a declining bearish pressure. The price’s proximity to the lower Bollinger Band, coupled with increasingly narrow bands, signals reduced volatility, often a precursor to a breakout.

To confirm the bullish momentum, SOL needs to reclaim the 20-SMA midline and turn it into support. In the meantime, the market awaits a definitive direction.

Outlook for SOL Price

The sentiment setup for Solana shows a promising alignment between retail and savvy investors. The market structure remains healthy, with no signs of excessive leverage or euphoria. However, a true breakout will depend on Solana’s ability to reclaim technical levels like the Bollinger Band midline at $152.

If Solana fails to do so, it risks retracing to $140 to $138 in the coming days.

While momentum remains latent for now, the foundations for a bullish move seem firmly in place for the long term. The resurgence in demand for Solana spot ETFs and the strategic reserves of SOL tokens deposited with the SEC make the token an asset to watch closely in the months and years ahead.

Buy your Solana on ByBit

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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