SOL Breaks Above $140 as 8H Bullish Divergence Signals Momentum Shift

Solana is currently trading at $140.19, reflecting a robust 2.54% gain over the past 24 hours. The token has carved out a meaningful intraday trading zone between $136.64 and $144.37, establishing new reference points for short-term price action. Within this dynamic range, SOL maintains critical positioning above previous support barriers that had anchored the asset during earlier consolidation phases.

Critical Support Holds Firm as Resistance Beckons

The foundation of SOL’s current price structure rests on support levels that have successfully prevented deeper corrections. The asset’s ability to sustain positions well above historical floor prices demonstrates underlying buying interest at lower valuations. However, overhead resistance now demands attention from market participants tracking intraday momentum shifts.

The immediate overhead barrier sits at $144.37, which caps the recent 24-hour high. Beyond this point, the descending trendline positioned near $138 emerges as the pivotal structural resistance that would unlock larger momentum recovery. This two-tier resistance framework reflects how short-term volatility intersects with longer-term trend dynamics that have constrained SOL within a gradually tightening pattern.

Bullish Divergence Emerges on 8-Hour Timeframe

The technical landscape shifts notably when examining the 8-hour chart, where a significant bullish divergence has developed. This divergence manifests as momentum indicators paint a more constructive picture than recent price weakness alone would suggest. Successive higher lows have formed around the support zone, while indicator strength has grown—a classic bullish signal that attracts attention during extended downtrends.

This divergence represents a potential inflection point where buyer accumulation may be preparing the groundwork for sustained recovery. The compression between support and resistance, combined with this divergence signal, creates the conditions traders monitor for breakout opportunities.

Range Trading Dynamics Define Near-Term Action

SOL remains ensnared within a narrow trading band where bulls and bears battle for directional control. A decisive move above $144.37 would represent breakout confirmation and bring the token materially closer to challenging the longer-term trendline resistance near $138. Conversely, any dip below $136.64 would test the resolve of buyers and potentially signal renewed selling pressure.

These reference points function as measurable zones rather than guaranteed turning points. The interaction between accumulation at support levels and resistance testing at overhead barriers will ultimately determine whether the bullish divergence translates into sustained upside momentum or remains merely a technical setup that fails to materialize.