Solana Price Prediction: SOL is approaching the $140 resistance level, with several indicators signaling a potential strong rally

Solana (SOL) price is approaching the key resistance level of $140, and several on-chain and derivatives indicators suggest that it may be in a “deep cycle reset” phase, signaling a potential strong rally. On December 10, SOL was trading at $138, up 5% in 24 hours, but still down 17% over the past month. Over the past week, the price has traded sideways between $128 and $145, but it has been accompanied by a significant increase in volume. Yesterday’s trading volume reached $6.97 billion, a year-on-year increase of 34%, indicating a rise in interest in the spot and futures markets.

According to CoinGlass data, Solana derivatives volume increased by 23% to $18 billion, and open interest (OI) rose to $7.25 billion. An increase in OI during a sideways price movement usually means that traders are accumulating positions to lay out in advance for potential trend reversals.

On-chain liquidity indicators also show that the market is resetting. Glassnode noted that Solana’s realized P&L ratio (30-day MA) has been consistently below 1 since mid-November, with losing volume exceeding profitable volume. This type of structure usually appears at the end of a deep pullback cycle, which means that liquidity is shrinking, weak hands are being cleaned, and a new cycle is about to begin.

Altcoin Vector analysts say Solana is experiencing a “full liquidity reset,” similar to the critical phase before bottoming out in the past. After forced selling decreases and market sentiment stabilizes, prices tend to rise for multiple weeks once liquidity returns. Analysts anticipate a potential trend shift for SOL in early January, but do not rule out an earlier launch.

In addition, the Breakpoint 2025 conference (December 11-13) to be held this week may bring positive catalysts for Solana. The event is expected to announce new developments related to RWA, ecological cooperation, and on-chain revenue models, which may attract further participation from institutions and developers.

Technically, SOL is now around $135 above the lower Bollinger band and is moving closer to the middle band at $145. The RSI is at 48 and is trending upwards. The MACD has begun to turn positive, bringing early signals for a potential rally. The short-term moving averages are below the current price providing support, but the long-term EMAs still act as a pressure level. If SOL can stand above $145, the bulls are expected to push the price to test $160; A break below $135 could lead to a renewed weakness.

! SOL Price Prediction

(Source: TradingView)

Taken together, Solana’s liquidity structure, market sentiment, and technical signals all suggest that it may be in an important reset stage before the new cycle, and $140-145 will be a key range to determine the short-term direction.