Solana Price Jumps 4% on Triple Top Breakout—Is This a Buy Opportunity?

Quick overview

Solana breaks out of triple top, up 4% today. While SOL/BTC eyes a death cross, bullish USD breakout may offer a near-term buy opportunity.

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Solana (SOL) surged nearly 4% today, decisively breaking above its key $136 resistance and completing a classic triple top breakout on the 4-hour chart.

The bullish engulfing candle accompanying the move confirms strong buyer interest, pushing SOL toward $139.30 and igniting fresh debate: Is this a buy opportunity—or just a bullish blip in a broader downtrend?

The breakout comes at a critical juncture. While SOL has shed over 54% against Bitcoin since January, today’s move signals short-term strength and renewed upside momentum in USD terms. Technical traders are now watching whether bulls can hold the $136 breakout zone and push higher.

USD Breakout Validates Short-Term Bull Case

From a technical standpoint, Solana has cleared multiple hurdles:

• A bullish engulfing candle confirmed momentum.

• Price is holding above both the ascending trendline and the 50 EMA at $129.47.

• Immediate targets now lie at $141.25, followed by $146.32.

For new traders, this setup represents a potential buy-on-retest opportunity—provided price holds above $136 and volume confirms strength.

Trade Setup 

• Entry: Retest and bounce from $136

• Target: $141.25, then $146.32

• Stop Loss: Below $129.77

Patience is key. Wait for volume confirmation, as false breakouts can trap premature entries.

SOL/BTC Faces Pressure from Death Cross

While SOL/USD shows strength, the SOL/BTC pair tells a different story. Trading at 0.00158 BTC, the pair has dropped 23% in April and is down 54% YTD.

A looming death cross—where the 23-day moving average crosses below the 200-day on the weekly chart—could confirm longer-term bearish momentum.

That said, the chart also shows a falling wedge pattern, typically a bullish setup. A break above 0.0018 BTC could trigger a reversal toward 0.001895 BTC, but failure to hold 0.0014 BTC risks a fall to 0.001 BTC.

Key Levels to Watch

SOL/USD

SOL/BTC

Conclusion

Solana’s 4% rally and triple top breakout make a compelling case for short-term upside in USD terms, even as SOL/BTC risks a death cross. If SOL holds above $136, this breakout could mark the start of a bullish wave—making it a viable buy opportunity for swing traders with proper risk controls in place.