Solana Price Exhibits Bullish Divergence: Is a Break Above $138 Resistance Imminent?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 20 2025

Should l Buy SOL?

Bullish Divergence Indication: Solana ($SOL) is showing signs of a bullish divergence on the 8-hour chart, suggesting a potential reversal of its downtrend as it currently trades at $126.30, just below the critical resistance level of $138.
Resistance Level Importance: Analysts highlight that breaking through the $138 resistance is crucial for Solana to regain upward momentum and signal a stronger bullish movement, which could restore investor confidence.
Whale Accumulation Activity: Significant whale accumulation has been observed, with large investors purchasing Solana during price dips, indicating confidence in its long-term potential and suggesting that the asset may be undervalued.
Market Sentiment and Future Outlook: The renewed interest from whales and the price hovering near $126.30 has traders closely watching the $138 resistance, as a breakthrough could initiate a new bullish phase for Solana in the coming weeks.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	15.963	41.731	67.313	93.081	118.663	144.431	170.013
Fibonacci	41.731	61.347	73.466	93.081	112.697	124.816	144.431

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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