Solana Reclaims $135, Eyes Resistance After Rebound

Solana rebounds above $135 and its 100-hour SMA in a firm reversal attempt

Solana (SOL) has staged a notable intraday recovery, pushing back above the $135 mark and reclaiming the 100-hour simple moving average (SMA) after breaking a bearish hourly trend line. Traders watching technical price action see short-term momentum indicators shifting in favor of buyers, but immediate resistance levels remain key to sustaining the bounce.

The token climbed past important Fibonacci retracement levels measured from the recent decline, a move that helped SOL hold above the 100-hour SMA. This recovery has occurred alongside gains in other major cryptocurrencies, suggesting correlation across the broader market.

Technical indicators: momentum improving but resistance looms

On the hourly chart, the MACD has turned decisively bullish and the Relative Strength Index (RSI) is holding above the neutral 50 line — both signs of improving short-term strength. Still, SOL faces immediate resistance at nearby price zones. A successful break above these levels could pave the way to higher resistance targets, while failure to clear them may prompt another pullback.

Possible scenarios: upside continuation vs. retracement

If buyers can close hourly candles above the short-term resistance cluster, SOL could extend gains toward the next Fibonacci and moving-average resistance points. Conversely, a rejection near current resistance could drive price back toward the broken trend line and then to lower support zones, increasing the risk of a deeper near-term decline.

Keep an eye on volume and cross-market strength — sustainable breakouts on Solana are more credible when accompanied by rising trading volume and bullish momentum across major coins. As the fifth-largest cryptocurrency by market capitalization, SOL remains vulnerable to broader market volatility, but its ability to reclaim the 100-hour SMA and key retracement levels offers a constructive signal for traders targeting a trend reversal.

For traders and investors, watch MACD crossovers, RSI confirmation above 50, and clear hourly closes above resistance to validate a bullish continuation. If those catalysts fail to materialize, prepare for pullbacks to recently tested support levels.