Solana (SOL) is staging an impressive comeback, jumping 13% over the past week and reclaiming key technical levels. Now trading near $135, SOL has flipped market sentiment in its favor–and analysts suggest the momentum could carry it to $150 if the $130 support holds.

Quick Recovery Signals Renewed Confidence

Just days ago, Solana dipped as low as $96 amid macro-driven market stress. However, the drop was short‑lived. Bulls stepped in aggressively, propelling the asset back above resistance and into a consolidation zone between $130 and $140–a historical launching pad for further gains.

Market optimism is now gaining speed. Over 71% of Binance traders currently hold long positions on SOL, reflecting broad confidence in continued upside. Technical analysts have noted that Solana’s ability to bounce off weekly support and break the local downtrend is a bullish development.

Consolidation Above $130 Could Trigger Next Move

Analysts believe SOL is now at a pivotal juncture. If the token can sustain consolidation above $130 and form a higher low, a push toward $150 becomes increasingly likely. This level not only represents the next psychological target but also a key breakout area on longer‑term charts.

Meme Coin Hype Adds Fuel to Solana’s Rise

Beyond technicals, speculative energy is returning to the altcoin market–and Solana stands to benefit. With its fast and low‑cost infrastructure, the network has historically attracted surges in meme coin trading. This renewed activity could provide additional fuel for SOL’s next leg up.

With bullish sentiment returning, technical structures aligning, and on‑chain activity strengthening, Solana is firmly back on traders’ radars–and $150 may be just the next stop on a larger upward trajectory.

See also: BNB eyes breakout as $916M burn fuels supply squeeze near $630 level.