Solana price signals bullish expansion at $137 as RSI begins to up-trend

Source: CryptoNewsNet Original Title: Solana price signals bullish expansion at $137 as RSI begins to up-trend Original Link:

Overview

Solana (SOL) price is showing early signs of a bullish shift as price continues to hold above a major high-time-frame (HTF) support zone at $131. After several days of tight consolidation, market structure and momentum indicators are beginning to align in favor of a potential upside breakout.

Notably, the Relative Strength Index (RSI) has started forming a clear uptrend, a signal often associated with early-stage accumulation before an impulsive price expansion. With the Point of Control (POC) now shifting directly into the support region, volume confirms heightened activity that could precede the next directional move.

Solana price key technical points

• Solana trades above HTF support at $131, showing signs of accumulation.
• RSI is trending upward, hinting at early bullish momentum building beneath the surface.
• Point of Control has shifted into the support zone, confirming heavy volume and increasing likelihood of a strong expansion.

Technical Analysis Details

For most of the week, Solana’s price has been anchored around the $131 HTF support, a level that has demonstrated strong resilience despite broader market fluctuations. This behavior is often associated with an accumulation phase, where buyers gradually absorb sell-side pressure without allowing price to break lower.

The consolidation occurring at a major support level is notable, as it signals that market participants are defending the zone while preparing for the next structural move, momentum reinforced by ecosystem developments such as Bhutan’s gold-backed TER token launching on the Solana blockchain, boosting broader network confidence.

Adding to this outlook is the significant shift in the Point of Control (POC) within the volume profile. The POC is now positioned directly at the $131 support zone, indicating that a substantial portion of trading activity has taken place at this level. When a POC moves into support, it typically reflects a meaningful battle between buyers and sellers.

Momentum indicators are also aligning with the bullish view. The RSI has begun trending upward, forming a series of higher lows that signal strengthening underlying momentum. RSI uptrends that occur during price consolidation frequently hint at quiet accumulation, where momentum builds before becoming visible in price itself. As long as the RSI maintains this trajectory, it increases the probability that Solana may soon attempt a breakout from the current structure.

From a structural perspective, price action remains constructive. SOL has not broken below its HTF support, nor has it formed new lower lows. Instead, the market is coiling within a tight range, allowing compression to build. Compression phases often resolve with powerful expansions, and with key indicators shifting bullishly, the likelihood favors an upside resolution.

Should a breakout occur, Solana may target the $137–$145 zone, levels aligned with historical resistance and liquidity pockets that price is likely to revisit. Given the heavy volume contained within the support area and rising momentum on RSI, any upside expansion is expected to be impulsive and directional, rather than gradual, a move that aligns with broader ecosystem developments which could further strengthen sentiment around Solana.

What to expect in the coming price action

If Solana continues to defend $131 while RSI trends upward, a bullish expansion toward $137 and beyond appears increasingly likely. A breakout from consolidation would likely be impulsive, driven by accumulated volume and rising momentum. Conversely, failure to hold $131 would delay the bullish scenario and return SOL to a corrective structure.