Solana Price Breaks $125: Is This the Start of the Solana Bull Run Thesis?

In the latest Solana news, the Solana coin has risen past the coveted $125 resistance level. This movement has sparked optimism among traders and analysts about a potential Solana rally. After going through weeks of intense selling pressure and declining by 47% last month, the Solana price is now showing strength. The bulls have also stepped in to help Solana reclaim key levels.

Bullish Momentum Sparks Long Thesis

Famous crypto analyst Big Cheds highlighted the significance of the latest Solana price gain. He stated, “SOL over $125 could trigger long on 2-level filter.” This breakout is being seen as a vital moment for Solana, marking the end of a local downtrend. The rally so far has already pushed SOL 40% from its recent low of 95%. 

This makes it one of the best recoveries among altcoins since the last market crash. The surge in the Solana price came as part of the broader market recovery after U.S. President Donald Trump announced the 90-day tariff pause for all countries except China. This pause led to rallies across risk assets, with Solana emerging as the top beneficiary. 

$SOL Over $125 could trigger long on 2-level filter

adjusted thesis https://t.co/zoL6Hvyncd pic.twitter.com/4UFZzFVeno

— Cheds Trading (@BigCheds) April 11, 2025

Will Solana Sustain the Bullish Momentum?

Currently, Solana trades around the $130 mark. It has just broken above its 4-hour 200 Moving Average (MA) and Exponential Moving Average, which were converging around $125-$128. Analysts believe that it is crucial for Solana to hold above this range. If SOL can push past the next major resistance at $146, the recovery will be confirmed.

However, risks prevail. If Solana fails to maintain support above $125, it could soon retrace to lower demand zones near $100. With the global economic uncertainties still looming, traders are closely monitoring these levels to determine whether the rally is the start of a long Solana bull run or just another bounce in a volatile market. For now, all eyes remain on the charts, hoping for some positive Solana news. Given that, let us also take a look at the latest Solana price performance and form a short-term prediction. 

$SOL triggered a long thesis overnight https://t.co/fABFXSyaoU pic.twitter.com/r90v5F3Vdj

— Cheds Trading (@BigCheds) April 12, 2025

Solana Price Analysis: SOL Climbs Up to $130

SOL started yesterday at $121, sticking close to the $121.7 resistance. However, as the buying pressure fell, SOL followed suit, falling to the $119 support level. At 3:40 UTC, a golden cross formed on the MACD, and Solana formed a confident uptrend, rising rapidly after first. By 8:15 UTC, Solana was testing new resistance at $125.54. The altcoin went on to form a trading range close to the resistance and, around noon, shot past it with another uptrend. The climb finally met rejection at $131.5, calling for a trend reversal.

Chart 1: published on TradingView, April 13, 2025

Soon, the price fell to the $128.22 support. The buying pressure was also low, as a trend reversal formed witha golden cross. The Solana price climbed again, testing the $134 resistance. The failure to break out led to another trading range close to the resistance. However, eventually, the buying pressure lost steam, and the bears gained control. A downtrend followed early on April 13, taking SOL back to the $128.2 support. 

Solana Price Prediction: Can SOL Go Past $135 Today?

As of the latest update, Solana was observed trying to return to the support level after trying to launch upward. For now, it seems like the bulls have relinquished control, with the RSI going to the overbought region quickly with any upward movement. This hints at a potential support break. If that does happen, Solana would like to hold as close to $124 as possible. However, if Solana is able to stabilize above the current support, the bulls may very well set off the Solana rally.