Solana price eyes $167 as market structure shifts with recent rally

Solana price is stabilizing above key support at $117, and a break above $147 could confirm a bullish market structure shift with upside potential toward $167.

Summary

• SOL has rebounded strongly from major support at $117 with volume and structure confluence.
• A reclaim of the $147 swing high would confirm a bullish market structure shift.
• If structure flips, price could rotate higher toward the $167 resistance level.

Solana’s (SOL) recent price action marks a notable transition phase after an extended impulsive move to the downside. For several weeks, SOL printed consecutive lower highs and lower lows, reinforcing a bearish market structure. However, price has now responded strongly from a technically significant support zone, raising the possibility that a structural shift may be developing.

With buyers defending key levels and momentum improving, the focus now turns to whether Solana can reclaim higher resistance and confirm a trend change.

Solana price key technical points

• $117 remains critical high-time-frame support: Strong confluence has attracted buyers and sparked the current rally.
• $147 is the structure-shift trigger: A break above this swing high would confirm a bullish market structure shift.
• $167 is the next upside objective: A confirmed higher low could open a rotation toward this resistance.

The $117 support zone has emerged as a technically dense region on the Solana chart. This level aligns with high-time-frame support, the value area low, and the point of control, creating a strong confluence that often attracts institutional interest, even as broader ecosystem discussions continue, such as the Solana co-founder explaining why Jupiter’s $70 million buyback failed to lift JUP’s price.

Price reaction from this zone has been decisive, suggesting that selling pressure has weakened and buyers are stepping in with conviction.

Rather than continuing lower, SOL formed a base and initiated a rally from this region. Such behavior typically signals that downside momentum is weakening, particularly after prolonged impulsive declines. The ability of price to hold above this zone reinforces its importance as a short-term structural floor.

Market structure begins to improve

While Solana’s broader structure has been bearish, the recent rebound introduces the conditions necessary for a trend shift. The key level to watch is the $147 swing high, which represents the most recent lower high in the downtrend. As long as the price remains below this level, the bearish structure technically remains intact.

However, a clean break and close above $147 would confirm a higher high, signaling a structural shift from bearish to bullish. This transition would be significant, as it would mark the first higher high after a sequence of lower highs, suggesting that buyers are regaining control of the trend.

Upside potential toward $167 resistance

With a confirmed structural shift, the next primary upside target comes into focus at $167, a high-time-frame resistance level that has not yet been retested. This level acts as a natural magnet for price follow-through after structural reversals, especially when prior resistance zones remain untested.

A rotation toward $167 would represent a meaningful recovery from recent lows and signal renewed bullish momentum across higher time frames. The strength of the move into this resistance will be critical in determining whether Solana can extend gains further or transition into consolidation.

What to expect in the coming price action

Solana is currently trading at a pivotal inflection point. As long as the price continues to hold above the $117 support zone, the probability of a bullish structure shift remains elevated. A decisive break above $147 would confirm a new higher high and open the path for a continuation rally toward $167.

Failure to reclaim $147, however, would keep the broader structure neutral to bearish and increase the risk of range-bound behavior. In the immediate short term, Solana’s next directional move will be defined by how price reacts around these critical levels.