Solana Breaks Past $150 With Volume—Will Bulls Push Toward $155 or Face Resistance at $153?

Solana breaks a descending trendline on the hourly chart, with volume backing a push toward $155–$160 in short-term momentum.Strong hourly volume and higher lows confirm a bullish breakout, with $153 as the key level to extend the current rally.A wedge breakout on a 4-hour chart in favor of upside continuation, with $147.50–$148.00 being crucial pullback support.Solana (SOL) broke above a falling trendline on the hourly chart, confirming the potential for bullish continuation. Market watchers are watching the move and expect price targets between $155 and $160 in the short term.Hourly Breakout Adds Bullish MomentumSolana’s hourly chart displays a sharp recovery pattern following a recent downtrend and breakout above key resistance. Price action shows higher lows and a confirmed breakout candle, backed by rising volume and buying strength.Source: Satoshi OwlAs we can see from the post above, bullish analyst Satoshi Owl has provided insights into Solana’s breakout structure. The hourly chart on Binance shows SOL trading at $151.50, with volume reaching 69.97K for the current candle. According to Satoshi Owl, the price has cleared a descending trendline formed from repeated lower highs starting near $153.Satoshi noted that Solana’s price recently broke past this trendline, closing near session highs, which suggests growing upward momentum. The analyst also pointed out a clear pattern of consolidation between $149 and $150 before the breakout. Volume spikes confirmed bullish intent, with the breakout candle backed by stronger trading activity than previous hourly bars.This move followed a sharp V-shape recovery from below $140 on May 1, reversing a steep April 30 decline. Since then, SOL has formed a series of higher lows, with tight candle ranges suggesting price stability. Satoshi highlighted $153 as a key resistance level, adding that bulls must reclaim it to extend the rally further.Wedge Breakout on Higher TimeframeWhat’s even more compelling is that another bullish analyst, Debar. Sol has presented a similar breakout thesis on the 4-hour chart. He identified a descending wedge pattern that developed between April 23 and May 1. This structure was formed with sloping resistance and flat support near $145, which held firm during repeated tests.Source: Debar.SolDebar.sol noted a decisive breakout on May 1, marked by a strong candle closing above $149 with volume of 98.14K SOL. The analyst confirmed the breakout’s strength with a clean close above wedge resistance and projected a move toward $155.41. The breakout aligned with a prior swing high, reinforcing it as a likely target.Not only that, but there's also strong price behavior above $150, which supports continuation if the structure holds. He also marked $147.50–$148.00 as key support if a pullback occurs. This setup suggests a bullish trend may continue as long as the price stays above the wedge's upper boundary.The post Solana Breaks Past $150 With Volume—Will Bulls Push Toward $155 or Face Resistance at $153? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.