Solana Traders Pin Hopes on $81 Breakout Ahead of Potential $125-$150 Rally

Solana's price has been consolidating below the $81 threshold, and traders are waiting to see if it can break through this level for a meaningful recovery.

According to independent chart analyses, if Solana can surpass $81, there is potential for a broader advance toward $104 and potentially even $125-$150, contingent on Bitcoin's upward momentum.

Crypto trader Gum notes that the $81 zone is the immediate breakout level, with relatively little resistance between this area and around $104. Beyond that, Solana would face additional layers of resistance from its 200-week EMA at $112.62 and 100-week EMA at $118.92.

Gum also cautions that Bitcoin's current daily chart shows resistance, which could prompt some traders to short SOL around current levels, making confirmation essential.