Solana Price Eyes $150 as Bulls Defend Key Support—Will May Bring a Breakout or Another Pullback?

Arslan Butt
2025-04-19 08:26:00
cryptonews.com

Solana (SOL) is back in focus, climbing to $139.91—just beneath the key $150 resistance zone. After weeks of consolidation, bulls have regained momentum, defending a key trendline and positioning SOL for a potential breakout as May approaches.

The catalyst? Institutional conviction. Galaxy Digital recently acquired 606,000 SOL worth $83 million in just four days, staking 462,000 tokens—an unmistakable signal of long-term confidence in Solana’s scalability and ecosystem maturity.

This signals a strong vote of confidence in Solana’s long-term scalability and ecosystem growth.

This isn’t speculative hype—it’s a meaningful shift in sentiment that could underpin a longer-term rally. With May around the corner, traders are watching closely to see if SOL can crack $150 and extend its run.

• Galaxy Digital bought 606,000 SOL for $83M
• Institutional flows are driving fresh bullish momentum
• 462,000 tokens staked—showing long-term commitment

Solana Nears $150 Resistance: Technicals in Focus

Solana is now testing the $145–$150 resistance zone, which previously acted as major support before February’s correction. A clean breakout here would mark a multi-week reversal and could open the door to $180 and $200—key zones from January’s rally.

The recent bullish engulfing candle at $136 confirmed a strong breakout, supported by the rising 50-period EMA at $129.82. This level now acts as dynamic support for short-term pullbacks.

Momentum indicators are aligned with the bullish narrative. The MACD has flipped positive with widening signal lines, while RSI sits at 55.71—bullish, but not yet overbought, suggesting room for continuation.

• Resistance Levels: $145.46, then $152.96
• Support Zone: $129.80 (50 EMA)
• RSI: 55.71, showing neutral-to-bullish momentum

Solana (SOL/USD) Trade Setup: Bullish Structure Holds Above $136

For traders, the breakout above $136 presents a clean technical setup. A pullback and bounce from this level could offer a high-probability long entry. The bullish structure remains intact as long as the price stays above the trendline and 50 EMA.

Trade Strategy:

• Entry: Pullback and bounce from $136
• Target: $145.46 short-term, $152.96 extended
• Stop Loss: Below $129.80 for downside protection

With institutional inflows growing and momentum building, May could be the month Solana clears $150 decisively—if bulls hold the line.

BTC Bull Token Presale Tops $4.8M

As Bitcoin edges closer to the $85,000 mark and macro uncertainty intensifies, BTC Bull Token ($BTCBULL) continues to gain traction with retail and crypto-savvy investors. This Ethereum-based meme coin stands out by offering real Bitcoin airdrops every time BTC hits key price milestones—aligning directly with Bitcoin’s long-term upside.

Earn Bitcoin with 86% APY Through Staking

Beyond the airdrop rewards, BTC Bull’s staking program remains a major draw. Investors can earn up to 86% APY in passive income, while also contributing to the token’s network strength. The ability to unstake anytime makes it flexible for new and seasoned holders alike.

Staking Snapshot:

• Annual Yield: 86% APY
• Total Staked: 1,222,531,969 BTCBULL
• Unstake Anytime: Yes

With over 1.22 billion tokens already staked, momentum continues to build ahead of the next price milestone.

Presale Nears Final Stretch as Demand Surges

The presale is now approaching full subscription, with $4,801,979.55 raised out of the $5,550,445 target. The current token price remains at $0.002465, but with limited supply left and rising demand, a price hike could be imminent.

Latest Presale Stats:

• Token Price: $0.00247
• Raised So Far: $4.80M of $5.55M

This window may be one of the last chances to secure BTCBULL before the next pricing tier kicks in. With its high-yield staking, real BTC rewards, and growing ecosystem engagement, BTC Bull is emerging as a top contender in the meme coin space—backed by actual Bitcoin utility.

With limited time remaining and demand accelerating, this is a key window to secure BTCBULL at presale rates before the next price jump.

The post Solana Price Eyes $150 as Bulls Defend Key Support—Will May Bring a Breakout or Another Pullback? appeared first on Cryptonews.

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