Solana Breaks Above $140: Which Way Will It Go Next?

Source: ETHNews Original Title: Solana Breaks Above $140: Which Way Will It Go Next? Original Link: Solana has finally pushed above the $140 level after days of tightening price action, igniting speculation about whether the next major move will be a bullish continuation or a sharp rejection.

Traders have been tracking SOL’s narrowing structure closely, and today’s breakout attempt has placed the market at a decisive turning point.

Solana Approaches a Critical Break Point

The earlier technical outlook highlighted how SOL had been compressing between rising short-term support and a well-defined descending resistance trendline. This squeeze indicated that volatility was building, and the market was preparing for a directional move.

Momentum had slowed after recent rebounds, showing hesitation from buyers at current levels, a typical sign that a breakout or breakdown is nearing.

Today’s push above $140 marks Solana’s first attempt to escape the tightening range, but traders now want confirmation. A clean reclaim and hold above this zone could trigger another leg higher, while a rejection risks rotating the price back toward lower liquidity pockets.

Chart Breakdown: What Today’s Move Means

The first chart shows SOL carving out a tight wedge between the rising support line (near $130–$132) and the descending diagonal resistance overhead. Multiple harmonic-style impulse structures reinforce how each bounce has weakened sellers and gradually compressed the range.

The second chart, showing today’s breakout, reveals SOL surging from $133 directly into the $140 resistance band with strong volume behind the move. This confirms renewed buyer aggression but does not yet guarantee a sustained breakout.

Key levels now stand at:

• $140–$145 resistance: The zone SOL must flip decisively to maintain the bullish breakout narrative.
• $134–$136 support: A crucial retest area where the trend must hold for continuation.
• $130 structural support: A failure below this zone would invalidate the breakout and reopen the path toward $125 demand.

If SOL consolidates above $140 with rising volume, a breakout continuation could target the $148–$150 region next. If momentum fades, traders will watch for a sharper rotation back into the mid-$130s.

What Happens Next?

With volatility compressing for days, today’s breakout attempt suggests Solana is preparing for a major expansion phase. The key question is whether buyers can sustain momentum or whether the move becomes a fake-out, as seen earlier in the week.

A confirmed breakout above $145 opens the door for higher-timeframe continuation. A rejection would likely send SOL back into the lower range, giving dip buyers another chance to reload.

For now, all eyes are on whether Solana can turn $140 into a solid support, and pave the way for the next impulsive leg higher.