Solana Price Analysis of March 6, 2025: Bulls Are Struggling to Break $150 Resistance Level

Solana has shown strong signs of recovery after last week’s downturn, gaining momentum in an upward trend. Recent Solana price analysis showed bullish pressure as the price approaches crucial resistance levels. However, uncertainty remains as the SOL price today struggles to hold its gains. Traders are closely watching market signals to determine whether the price will break higher or face another pullback. According to the latest Solana price prediction, maintaining support and pushing past resistance will be crucial for continued growth. With volatility still present, the next few hours could be key in shaping Solana’s price action.

Solana Upward Momentum Builds After Volatile Swings

The trading day for Solana started with a slight downward trend, influenced by the previous day’s death cross. However, at 1:25 UTC, a golden cross appeared on the MACD line, suggesting the beginning of an upward trend. The price gained momentum but faced a death cross at 3:15 UTC, leading to a slight decline, with oversold conditions at 4:30 UTC. Shortly after, at 4:55 UTC, another golden cross appeared, pushing the price upward.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 6, 2025

As buying pressure increased, SOL moved higher until it encountered resistance at $149.73 alongside an overbought condition at 10:30 UTC. The price struggled to break past this level, and at 11:05 UTC, a death cross led to a downward trend. This led to a series of fluctuations, with oversold conditions at 13:40 UTC and 15:25 UTC, bringing the price down to $140.70 support. At 15:40 UTC, a golden cross on the MACD hinted at an upward channel, providing temporary relief. As the price stabilized, another overbought condition at 19:05 UTC pushed it further upward. 

Solana Hits Resistance at $150.68 Halts Uptrend

The trading day of March 6th began with a death cross at 00:05 UTC, making a slight decline. However, the MACD line shows a golden cross at 1:25 UTC, suggesting an upward trend, followed by an overbought. The price surged to a 24-hour high of $150.68 but failed to sustain it, pulling back into its trading range. Another breakout attempt faced resistance, and despite multiple efforts, a death cross at 6:00 UTC pushed the price downward again. The market remained volatile, with price action moving between crucial support and resistance levels, making traders watchful.

Solana Price Prediction: Key Levels to Watch

In the past 24 hours, Solana price analysis shows that SOL experienced a breakout from an upward channel and made an attempt to break higher. If bullish momentum continues, SOL price today could surpass the $149.73 resistance level, potentially pushing toward new highs. However, if the price fails to break through, it may fluctuate within the $149.73 – $140.17 range, consolidating before its next move. A bearish scenario could see SOL breaking below $140.17, triggering a further decline. Solana price prediction remains uncertain, with market volatility determining whether buyers can maintain control over the price trend.