Solana Price Prediction April Outlook as SOL Eyes $147 Resistance

The Solana price continues to dominate crypto discussions as SOL hovers near a critical support zone. Analysts and traders are evaluating whether recent movements signal a bottom or the continuation of its downward trend. The token has recently recovered from the $112 level, but resistance at $147 remains high. Market participants watch closely as Solana faces increased volatility and significant token unlocks.

Solana Trading Levels—Is a Reversal Coming?

On X, Scott Melker indicated the $112 bounce as a technical, but warned against front-running an established double bottom. Without the breakout above $147, it remains invalid, and pressure is on the downturn.

$SOL

Picture perfect bounce off of $112 support. Double bottom would confirm with a break above $147, the swing high between the two bottoms.

Don't let anyone call it a double bottom until that happens.

Regardless, nice bounce off of support with defined resistance to watch. pic.twitter.com/l5UC5ehhyF

— The Wolf Of All Streets (@scottmelker) April 4, 2025

 

His chart indicates SOL supporting the $112 level, suggesting short-term support. Melker further pointed out that the reversal of downtrend resistance is crucial for bulls to take control. A strong move above the level might initiate a momentum change.

SOL Price at Bottom Due to Token Unlocks?

The recent release of nearly $200 million in staked SOL on April 4 added stress to market expectations. Concerns over potential sell pressure dominated discussions, but many traders, including NooNe0x, believe the worst may be over. With over 78% of unlocks completed, remaining releases are expected to have a diminishing impact.

Chart 1 – Provided by Awawat, published on TradingView, April 4, 2025.

Awawat, a trader and investor at APG Capital, added perspective by warning of a potential downtrend. He noted that SOL broke down from a prior $170 level and now holds above $100. Highlighting the final big unlock, he suggested any drop below $100 might cause a stronger bid from investors eyeing value entry points. His analysis deepens the debate over whether the SOL price at the bottom is a valid assumption or a risky bet.

Will SOL Break Resistance or Slide Further?

As of now, Solana is trading around $115 and struggling to gain bullish traction. The token remains below its 20-week EMA, indicating a continued short-term drop. To shift market sentiment, SOL needs to break above the resistance zone between $130 and $133.

Chart 2 – Provided by Jake_Simmons, published on TradingView, April 4, 2025.

Volume indicators show limited buying pressure, and without a surge in demand, SOL may face renewed selling. A breakout above $130 with strong volume could lead to a move toward $147. A drop below $100 might push the price back to its historical low of $67. These factors are shaping the broader Solana price prediction in the crypto market today.

Future Outlook: What’s Next for Solana in the Crypto Market Today?

Solana’s short-term direction will largely depend on its ability to maintain support between $104 and $112. The crypto market remains highly reactive, with traders waiting for a confirmed signal of trend reversal before increasing their exposure. A price breakout could spark renewed bullish sentiment among traders. However, caution remains key until resistance levels are reclaimed.

Final Thoughts: Is SOL Set for a Bullish Turnaround?

Opinions remain divided on the Solana price prediction. While some believe the SOL price is at the bottom, others see chances for more downside. The major token unlocks have passed with less market disruption than initially feared. However, resistance zones still hinder recovery. 

The next few weeks will be critical in determining whether SOL can break out of its bearish pattern. For now, traders should focus on how Solana trading levels evolve around $112 and whether price breakout attempts gain sustainable traction.