Solana (SOL) Breaks 10-Month Losing Streak: Can It Rally to $150?

Market impact: moderately bullish for SOLUSD, but not yet confirmation of a durable trend reversal.

The key change is a possible shift in momentum regime: Solana has produced its first positive monthly candle in roughly 10 months, while monthly RSI has broken a multi-year downtrend and monthly MACD is approaching a bullish crossover. These signals can attract systematic and momentum-oriented buyers because they suggest that the prolonged relative weakness may be ending.

The reported accumulation of approximately 285,503 SOL, valued near $28.8 million, is supportive for sentiment, particularly because the purchases were spread across several weeks during the recovery from around $60. However, one wallet’s activity is not equivalent to broad institutional demand; the position could reflect speculation, hedging, or an eventual source of sell-side supply.

At about $102, a move to $150 would require roughly a 47% advance. The technical setup makes such an extension plausible in a strong crypto risk-on environment, but the article’s projection is based largely on historical pattern comparison rather than a confirmed fundamental catalyst. The immediate technical test is whether SOL can maintain acceptance above the $100–$120 area; failure there would weaken the breakout narrative and increase the risk that the recent 34.8% monthly gain was primarily a relief rally.

The broader Solana ecosystem data are directionally constructive: reported real-world-asset value reached $4.35 billion, while Solana accounted for 67% of monitored spot DEX memecoin volume. That supports the network-use argument, but memecoin activity is highly cyclical and can reverse quickly when liquidity or speculative appetite deteriorates.

Bullish interpretation:

a confirmed monthly MACD crossover, sustained trading above $100–$120, continued whale accumulation, and improving Bitcoin-led market liquidity could create momentum toward $150 and lift high-beta altcoins more broadly.

Bearish interpretation:

the recent rally may be overextended after a 34.8% monthly gain, while the current daily decline shows that sellers remain active. A loss of the recovery structure—particularly a return toward the $60–$80 support region identified in the report—would undermine the reversal thesis.

What traders should monitor:

confirmation of the monthly MACD crossover, SOL’s ability to hold above $100–$120, Bitcoin and total-crypto liquidity conditions, SOL/BTC relative strength, continuation of on-chain activity, and whether the reported large-wallet purchases persist or are followed by distribution. Overall, the signal is short-term bullish and medium-term conditional, with the $150 scenario dependent on follow-through rather than the initial technical breakout alone.