Solana Price Targets $150 as Investor Momentum Reaches Highest Level in Two Months

Solana (SOL) price has been on an upward trajectory in recent weeks, hitting a new monthly peak following a consistent rise in value. At present, it’s trading around $144, facing a key resistance near the $148 mark: a level it couldn’t surpass during its last attempt.

If buying pressure continues to build, Solana may gain enough traction to break past the $150 barrier, provided investor interest remains strong.

Investor Confidence Grows as Solana Activity Spikes

Solana’s recent price rally has been strongly supported by a surge in investor engagement. The number of active wallet addresses has climbed to its highest level in two months, reflecting a clear boost in both interest and confidence in the Solana network.

This spike in activity, coupled with the rising Solana price, signals a strong bullish sentiment. With more participants joining the ecosystem, the chances of the upward trend continuing are increasing. Sustained growth in active users often points to solid investor belief in long-term value, which could help Solana push beyond the current $148 resistance and aim for the $150 mark.

While the overall market tone remains positive, some technical signals are flashing early warnings. The Moving Average Convergence Divergence (MACD) histogram is starting to show smaller bars, hinting at a slight easing in buying pressure. Though this dip is minor for now, it’s a trend that traders will be keeping a close eye on.

Still, such fluctuations are normal in any market rally. The fact that the MACD hasn’t dropped sharply suggests that there’s still room for further gains, especially if broader market sentiment stays upbeat. Continued price strength could encourage more investors to jump in, potentially setting the stage for the next leg of Solana’s climb.

Solana Price Awaits Breakout Push

Solana (SOL) is currently hovering around $144, showing resilience as it finds steady support at the $136 level. Despite this solid base, the altcoin continues to struggle with a tough resistance near $148: a barrier it has attempted to break multiple times over the past six weeks without success. This level now stands as a key pivot for Solana’s next move.

A successful breakout above $148, backed by strong investor interest, could open the door for SOL to climb toward the $150 mark in the near term. Ongoing positive sentiment in the market and the recent surge in active wallet addresses may be the catalysts Solana needs to power through this crucial resistance.