Solana eyes $150 as investor activity rises

Solana (SOL) continues to show strong momentum, steadily climbing toward the psychological resistance level of $150. As of writing, the token is trading around $147 after facing repeated rejections at the $148 mark — a key resistance that remains unbroken for now.

Investor Activity Drives Optimism

Renewed interest in the Solana network has been a major driver of its recent rally. The number of active addresses has hit a two-month high, signaling growing confidence among investors and increased on-chain activity.

This surge in participation is creating a solid bullish signal. As more users engage with the network, the chances of SOL breaking through resistance increase. If the trend continues, Solana could soon breach the $148 mark and make a run toward $150 in the near term.

Momentum Holds — But Watch Closely

Despite positive market sentiment, technical indicators such as the MACD show a slight weakening in bullish momentum. The histogram is shrinking, hinting at reduced buying pressure. While not yet a reversal signal, it suggests that momentum should be monitored closely.

Solana is currently supported at $136 — a level that has repeatedly held over the past six weeks. If this support continues to hold and investor sentiment remains optimistic, a breakout above $148 could push the price to $150. The combination of increasing investor engagement and strong market signals paints a promising picture for SOL’s near-term potential.