The cryptocurrency market is gaining momentum by 2026, including Solana (SOL). Rising to $139 (USD), the currency reached analysts’ expected levels, paving the way for a rebound.
“Until prices recover at least the 50-day exponential moving average (EMA) on a closing price basis, any attempt to move higher is likely to be seen as a correction rather than the start of a new trend,” financial expert Parshwa Turakhiya said four days ago.
At that time, SOL was still below the 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMAs), indicating a bearish trend. but, Then it surpassed the first twoThis reflects the increase in demand. Market sentiment is improving.
The current target rests on the other EMAs mentioned above, at $150 and $162, respectively.
Turakia further pointed out that a strong reversal typically requires a decisive increase in the Relative Strength Index (RSI) above 50 points. This is what Solana has experienced over the past four days, reaching level 63 today, something we haven’t seen since September.
Meanwhile, on the 30-minute chart, the analyst emphasized that SOL has regained short-term trend support. This causes a positive signal as seen in the following graph.
Solana shouldn’t lose $125 to stay on top
“The short-term bias remains moderately constructive as long as the price stays above the $125-126 zone. A complete decline from this area will likely lead to a further rally towards $122,” Turakia warned.
Spot flow data should also be closely tracked. These were mostly negative for several months in 2025, reflecting a stable distribution in the second half of 2025. Recently, that trend has weakened and entries have been registered that push up the price.
this Not active accumulationHowever, analysts say this suggests that the forced selling pressure has subsided. “Historically, Solana has required sustained positive flow to maintain sustained upside,” he recalls.
Derivative positions tell a similar story. Futures open interest is rising, with longs having a moderate advantage over shorts. “This divergence means that professional traders are positioning for the upside but are being cautious,” the analyst explains.
In his opinion, the roadmap is defined from an optimistic perspective, but it is demanding. The first significant signs that SOL’s trend control is changing have already been met. It stays above $125 and you get $130 back with authority.
In that sense, if the spot inflow continues to improve and remain abundant, A move for SOL towards $150 is plausible.reframed Solana as a catch-up operation rather than a laggard operation.
Still, the expert cautioned: “With the 200-day EMA still well above its excess level, macroeconomic shocks could quickly turn this quiet decline into a further decline.”