Kepler Group‘s trading desk breaks down the latest Solana setup, as the token approaches a pivotal resistance level with multiple technical indicators aligning ahead of this week’s inflation data.
Solana Sits Inside A Bullish Channel Structure
Solana currently appears to be trading inside a parallel channel that could potentially trigger a move back toward triple digit prices. The mid range barrier at $78 plays a pivotal role in this setup, as a successful breach would open the door toward the channel’s upper boundary near $100.
This structure has caught the attention of several market analysts, who point to the possibility that Solana could reclaim the psychologically significant $100 level for the first time since early February, should the current setup play out as expected.
MACD Golden Cross Adds Weight To Bullish Case
Adding fuel to the bullish thesis, the MACD indicator has recently formed a golden cross, a signal that has led several seasoned market analysts to set near term targets around the $100 mark. Another key technical tool in focus is the Tom DeMark Sequential, a methodology based on a nine candle formula used to assess whether a buy or sell signal should be issued across selected timeframes.
While shorter timeframes tend to be more flexible and less durable in terms of signal reliability, the daily Solana price chart offers a clearer picture of where the next major support cluster lies. The TD Sequential has printed a buy signal on the daily chart, though confirmation around the $78.70 level remains important before fully committing to the bullish scenario.
Support And Resistance Levels Define The Setup
This kind of technical setup typically anticipates either a short one to four candle upswing or the beginning of a new bullish countdown sequence. Should this scenario materialize, Solana’s price could restore the $100 tag for the first time in several months. Conversely, should another broader crypto market correction take hold, the next major support zone lies at approximately $59.
This creates a relatively clear risk framework for traders watching the token closely, with $78 to $78.70 acting as the immediate battleground, $100 as the bullish target, and $59 representing the key downside risk should sentiment sour.
Additional Momentum Indicators Support The Bullish Case
Beyond the MACD and TD Sequential signals, the True Strength Index is currently showing a crossover, even though both the pink and blue oscillation lines remain slightly in negative territory. Should this indicator turn positive and sustain above the zero line, a reclaim of the $78 area would further strengthen the broader bullish thesis.
This picture is reinforced by the Bull Bear Power metric, which has recently begun tilting toward green levels after several consecutive sessions dominated by red readings. Together, these indicators suggest that underlying momentum may be shifting in favor of buyers, even as price has yet to definitively confirm a breakout above the key resistance zone.
This divergence between price and momentum is often closely watched by traders.
This picture is reinforced by the Bull Bear Power metric, which has recently begun tilting toward green levels after several consecutive sessions dominated by red readings.
Together, these indicators suggest that underlying momentum may be shifting in favor of buyers, even as price has yet to definitively confirm a breakout above the key resistance zone. This divergence between price and momentum is often closely watched by traders.
Historically, momentum shifts of this kind have preceded meaningful price moves in Solana’s trading history, though confirmation from actual price action remains the more reliable signal for traders to act upon.
CPI Data Looms As The Next Major Catalyst
The central question now facing crypto markets is whether bulls can recapture the $78 mid range territory ahead of this week’s Consumer Price Index release. Many market participants are closely watching Wednesday’s CPI figures, given their tendency to influence major altcoin prices, including Solana.
A hotter than expected inflation reading would likely apply additional pressure on speculative asset classes broadly, potentially delaying or derailing the current bullish setup. On the other hand, a softer CPI print would likely create a more favorable environment for risk on assets, potentially giving Solana the momentum needed to conquer the overhead resistance with greater conviction.
Conclusion
Solana finds itself at a technically significant juncture, with multiple indicators, including a MACD golden cross, a TD Sequential buy signal, and improving TSI readings, aligning to support a potential move toward $100. The $78 to $78.70 zone remains the critical near term battleground that bulls need to clear decisively.
With this week’s CPI data set to play a meaningful role in shaping broader risk sentiment, traders following Solana strategies should watch closely how price reacts around this key resistance, as the outcome is likely to determine whether the token’s next major move unfolds to the upside toward $100 or back down toward the $59 support zone.