Solana $SOL is trading near $137–$138, testing key support zones amid a corrective pullback. Technical analysis points to a bullish Elliott Wave structure, with potential for a breakout above $145 targeting $150 Fibonacci levels if support holds.
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Solana $SOL maintains a bullish setup within $134–$138 range, eyeing wave B support for upward continuation.
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Overhead resistance at $144–$148 remains pivotal, with a breakout potentially driving prices to $150.
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SOL’s patterns mirror Ethereum $ETH, showing accumulation phases that preceded strong rallies, backed by on-chain activity exceeding $5.4 billion in trading volume.
Solana $SOL price nears $137 support in corrective phase—will it break out to $150? Explore key levels and ETH-like momentum in this analysis. Stay updated on SOL trends.
What Is the Solana $SOL Price Outlook After Recent Pullback?
Solana $SOL is currently trading in a tight range between $134 and $138, following a sharp corrective pullback from highs near $146–$163. This phase aligns with an ABC corrective pattern within a larger bullish Elliott Wave structure, where wave B support could stabilize prices for a renewed upward move. Analysts from sources like More Crypto Online indicate that holding above $132.59 reinforces the long-term bullish trend, potentially targeting $150 if resistance breaks.
How Does Solana $SOL’s Technical Structure Support a Bullish Breakout?
Solana $SOL’s price action features a rising diagonal trendline since late November, providing consistent support during pullbacks. Fibonacci retracements highlight strong zones at $131–$134, with deeper support near $128, though an extension to $118 is less probable. Maintaining these levels preserves the impulsive wave structure, as noted in Elliott Wave analyses.
$SOL
This is quite a sharp pullback and the price remains caught in a sideways range. The nearest micro support zone for wave B (blue scenario) is located between $134.37 and $138.12. pic.twitter.com/OtuuSe6d0i
— More Crypto Online (@Morecryptoonl) December 10, 2025
The Stochastic RSI indicator, hovering between 70–80, suggests short-term overbought conditions but no sharp reversal. A reset to 20–30 while respecting the trendline could build momentum. Overhead supply at $144–$148 has caused rejections, yet thinning wicks indicate weakening resistance. A break above $145 could efficiently reach the $150 Fibonacci cluster, according to technical experts.
On-chain metrics further bolster this outlook, with over 21,000 new coins deployed on Solana in the last 24 hours. Trading volume across chains surpassed $5.4 billion, reflecting robust network participation and accumulation similar to pre-breakout phases in other assets.
Frequently Asked Questions
What Are the Key Support and Resistance Levels for Solana $SOL?
Solana $SOL’s immediate support lies between $134 and $138 for wave B, with stronger confluence at $131–$134 based on Fibonacci levels. Resistance clusters at $144–$148, where a decisive break could propel prices toward $150, as observed in recent chart patterns.
Is Solana $SOL Following Ethereum $ETH’s Path to a Breakout?
Yes, Solana $SOL exhibits structural similarities to Ethereum $ETH, including tightening accumulation ranges and support tests before rallies. ETH’s push past $3,250 after consolidation mirrors SOL’s current setup, potentially unlocking momentum to $150 with sustained buying pressure.
Solana $SOL could be following Ethereum $ETH path. The breakout points to $150. pic.twitter.com/ksXxaix3bg
— Ali (@alicharts) December 9, 2025
Key Takeaways
- SOL Holds Bullish Structure: Wave B support at $134–$138 preserves Elliott Wave patterns for upward continuation.
- Breakout Targets $150: Clearing $145 resistance aligns with Fibonacci extensions, supported by thinning supply.
- ETH-Like Momentum: Accumulation and high on-chain volume signal potential surge; monitor trendline for entry points.
Conclusion
Solana $SOL’s price analysis reveals a corrective pullback testing critical supports amid a bullish framework, much like Ethereum $ETH’s pre-rally consolidation. With resistance at $144–$148 thinning and on-chain activity surging, a breakout to $150 appears feasible if key levels hold. Investors should watch these zones closely for opportunities in the evolving crypto market.
Source: https://en.coinotag.com/solana-sol-tests-support-at-137-138-potential-breakout-to-150-looms
