Solana price bounces from 21EMA with $156 upside target in sight

Solana’s price is showing bullish continuation after defending the 21-EMA, with the price structure and momentum aligning for a potential rally toward the $156 resistance level.

Solana’s (SOL) price action continues to display notable strength, with the market maintaining a bullish structure defined by higher highs and higher lows. Following a recent impulsive move higher, Solana has now delivered a clean bullish reaction from the 21-day exponential moving average, a level that often acts as dynamic support during trending conditions.

This reaction is technically significant, as it comes at a point where short-term momentum, volume structure, and market profile levels converge. With buyers stepping in to defend this zone, Solana is now positioned for a potential continuation move higher, provided key levels are reclaimed and maintained on a closing basis.

Solana price key technical points

• Solana has bounced cleanly from the 21EMA, reinforcing bullish trend structure
• The 21EMA aligns with the Point of Control, strengthening the support zone
• Upside continuation places $156 high-time-frame resistance in focus

From a market structure perspective, Solana remains firmly in a bullish phase. Price continues to print consecutive higher highs and higher lows, a defining characteristic of trending markets. Importantly, the most recent pullback did not violate structural support, but instead found demand at the 21EMA, suggesting that buyers remain in control.

The 21EMA has historically acted as a reliable continuation level for Solana during periods of strong trend behavior. The latest bounce from this moving average reinforces the idea that the market is undergoing a healthy consolidation rather than a trend reversal. As long as the price continues to respect this level on a closing basis, the bullish structure remains intact.

Further significance to this reaction is its confluence with the Point of Control. The Point of Control represents the price level at which the highest trading volume has occurred and often acts as a magnet for price. A successful reclaim of this level would signal renewed acceptance at higher prices and strengthen the case for continuation.

Resistance zones and liquidity targets

With support holding, attention now shifts toward overhead resistance levels. The next area of interest sits at the value area high and the most recent swing high, where resting liquidity is likely positioned. These zones often serve as natural price targets during continuation phases, as markets seek liquidity to facilitate further movement.

If Solana can reclaim the Point of Control on a closing basis, the probability of a rotational move toward these higher levels increases. Once price begins to trade into these zones, liquidity above prior highs can provide the momentum needed for an extension toward the $156 region.

The $156 level represents a major high-time-frame resistance and serves as the primary upside objective for the current structure. A move toward this level would confirm that the bullish trend remains dominant and that buyers continue to control price action.

Volume and momentum considerations

While structure and support remain favorable, volume behavior will be a key factor in determining whether the rally can extend. Bullish continuation is most effective when supported by increasing buy-side volume, confirming participation rather than short-term positioning.

So far, Solana’s reactions from support have been constructive, but sustained bullish inflows will be required to push price through intermediate resistance zones. A volume-backed reclaim of the Point of Control would significantly strengthen the continuation thesis and increase confidence in a move toward $156.

Without volume confirmation, price may consolidate further above the 21EMA before attempting another push higher.

What to expect in the coming price action

A successful reclaim of the Point of Control would open the door for a rotation toward the value area high and the prior swing high, with $156 acting as the primary high-time-frame resistance target. Failure to hold the 21EMA would delay the bullish continuation but would not immediately invalidate the broader structure unless key higher-low support is lost.