Solana Attempts a Rebound as Consolidation Nears End—Can SOL Price Break the $145 Barrier?
As seen in the chart, Solana price has remained range-bound for several months, oscillating between well-defined support and resistance zones. Buying interest has consistently emerged between $128 and $119, reinforcing demand below the $131–$128 support band. However, upside attempts continue to stall within the $130–$144 supply zone, where repeated sell-offs point to sustained distribution. This persistent supply has prevented SOL from reclaiming the $145 resistance, a level that would be critical to opening the path toward $150 and above. For now, liquidity appears to be thinning, with the Chaikin Money Flow (CMF) showing a notable bearish divergence.
Despite this near-term pressure, momentum indicators are beginning to tilt in favor of the bulls. The MACD signals waning selling pressure and hints at a potential bullish crossover. Besides, the RSI is attempting to recover toward higher levels, suggesting strengthening upside momentum. These developments indicate that SOL may be quietly building strength, and a sustained pickup in volume could support a push back toward the $145–$150 range.
The broader structure suggests Solana (SOL) price is in a consolidation phase rather than a trend reversal. From a wider perspective, this prolonged range could be laying the groundwork for a stronger bullish expansion once key resistance levels are decisively reclaimed.
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