Solana price analysis (Bullish) — 142.37 USDT (+11.56% 24h)

Solana (SOL) is showing robust momentum, trading at $142.37 with a significant 11.56% surge over the past 24 hours. This move is supported by substantial volume exceeding $762 million, indicating strong institutional and retail conviction. The price has decisively broken above both its 20-day SMA ($138.66) and 50-day SMA ($131.36), confirming a bullish trend structure. The RSI reading of 63.28 suggests the asset is approaching overbought territory but still has room to run before signaling exhaustion. The elevated volatility of 4.04% is characteristic of a trending market. For traders, the key support to watch is the $138-$140 zone, which now represents the new floor. A sustained hold above this level could target a retest of the $150 psychological resistance. Consider taking partial profits on any sharp extension toward $150, while using a break below $138 as a stop-loss signal for long positions. The momentum favors the bulls, but risk management is crucial in this volatile environment.