Key Insights:
- Solana price is holding $144, with a bullish structure intact despite slowing momentum.
- Analysts point to a double bottom base favoring continuation if support holds.
- A breakout above $148 could open the way to the $155-$160 resistance zone.
Solana price is consolidating close to an important technical level as momentum stabilizes. Analysts are watching whether or not SOL price can hold $144 after a strong rebound from January lows. At the same time, the development of ecosystems is providing another layer of short-term volatility.
Solana Price Stabilizes as Ecosystem Catalysts Come Into Focus
Solana has reached near-term equilibrium after crossing back over the $140-$145 area after the early January weakness.
The level now appears to be a short-term pivot separating continuation from renewed downside pressure. Traders are closely monitoring the price behavior as ecosystem news and technical signals converge.
Its timing is notable. That’s because Solana Mobile confirmed the launch of its SKR token allocation tracker in advance of distribution.
Over 1.82 billion SKR tokens are set to be distributed amongst over 100,000 participants in the Ecosystem. Developers and Seeker phone holders are to be given priority allocations.
This announcement has helped to boost engagement across the Solana ecosystem. However, price action remains the dominant signal traders are looking for.
The airdrop is good for longer-term adoption narratives. However, in the near-term, the Solana price direction is still linked to technical structure.
The SKR token will also serve as the introduction of staking, governance, and mobile-focused utility. Yet historically, ecosystem incentives alone typically fail to cause sustained price trends without structural confirmation. As a result, there has been a refocus on charts and support levels.
Support Zone Emerges as Solana Price Tests $144
Solana price is currently around $145 and just rejected slightly higher prices around $148. Analyst Crypto Tony said holding $144 would be “just great” for continuation. His chart pointed out this zone as an area of resistance turned into support.
The daily chart depicted Solana price rebounding cleanly from under $120 levels earlier this month. Since then, buyers have steadily pushed prices higher, reclaiming key horizontal levels. However, momentum has been able to slow as the price nears some supply from the past.
A failure to hold $144 could see Solana price open to a retest of $138 or even $132. Conversely, an extended acceptance above $145 would be bullish. This range-bound behavior is suggestive of consolidation and not exhaustion.
Volume has also since moderated following the rebound, indicating hesitation more than distribution. As a result, analysts expect volatility to compress before the next directional move. This makes the $144-$148 zone important in the structure.
Solana Price Double Bottom Structure Suggests Bullish Continuation
Another bullish interpretation comes from analyst BitGuru, who found a confirmed double bottom pattern. According to BitGuru, the Solana price has an inverted structure after forming higher lows and recovering key support.
In his analysis, a clean base is formed between $120 and $125. From there, Solana price put on a steady recovery, entering consolidation above $140. This structure often precedes continuation as long as the momentum is constructive.
The pattern is confirmed by holding above short-term moving averages. Consolidation above the base is a way to reduce downside risk but accumulate energy for the next move. BitGuru emphasized that momentum remains positive as long as the price holds the base.
However, continuation setups need to be confirmed. A firm break above $148 would probably open up a path to $155 – $160. Until now, Solana price has been in an accumulation phase rather than a breakout.
Momentum Builds As Solana Price Eyes Higher Resistance
On lower timeframes, Solana price still respects ascending support lines set during the rebound. Intraday pullbacks have been shallow, suggesting dip-buying interest remains intact. Still, the $148 region has been defensively asserted by sellers.
If Solana price breaks this zone with volume, then the next resistance is around $155. After that, the $165 region is technically relevant. These levels match past breakdown zones in late 2025. On the negative, the loss of $144 would weaken the bullish structure.
The post Solana Price Holds $144 as Analysts Eye Breakout While SKR Airdrop Nears appeared first on The Market Periodical.