Solana holds $131 support as RSI uptrend signals potential break to $137–$145
Solana (SOL) is consolidating above a major high-time-frame support at $131, showing signs of accumulation after several days of tight price action. The Relative Strength Index (RSI) has begun an uptrend, forming higher lows that suggest rising bullish momentum beneath the surface. Volume profile data shows the Point of Control (POC) shifting into the $131 support zone, indicating heavy trading activity and buyer interest at that level. Structurally, SOL has not broken lower lows and is coiling in a compressed range; such compression often precedes an impulsive expansion. If bullish momentum continues and $131 holds, immediate upside targets are $137–$145, where historical resistance and liquidity pockets exist. Failure to defend $131 would invalidate the bullish scenario and likely lead to a corrective phase. Key technicals: support $131, RSI uptrending, POC in support, target range $137–$145. Primary keywords: Solana, SOL price, RSI, POC, support, breakout.
Bullish
The article highlights several aligning bullish technical factors: SOL is holding a strong multi-timeframe support at $131, the RSI is forming an uptrend (higher lows) which typically precedes price expansion, and the Point of Control in the volume profile has shifted into the support zone indicating concentrated buying interest. Price compression at a defended support with rising momentum and heavy on-support volume often resolves with an impulsive upside move — hence the identified target range of $137–$145. Historically, similar setups (compression at a key support, rising RSI, and POC shift into support) have preceded sharp rallies in altcoins when macro conditions are neutral-to-positive — for example, compression breakouts in mid-2021 and early-2024 for several altcoins produced quick directional moves once momentum confirmed. Short-term, traders may see a volatility expansion and quick directional moves if $131 holds and RSI continues to rise; entries on breakouts or momentum confirmations could yield rapid gains but with elevated risk due to possible false breakouts. Long-term implications depend on broader market trend and on-chain/ecosystem catalysts; sustained holds above HTF support would support a bullish medium-term outlook, while failure to hold $131 would likely shift sentiment to corrective/bearish and target lower supports.