Solana faces a scenario to test $145 settlement pressure in a narrow box market

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Currently, Solana (SOL) is trading in a range-bound manner around $141.99, with the resistance level at approximately $142.92 acting as a significant barrier. Of particular note is the presence of a large short liquidation cluster concentrated near the $145 level, highlighting the many traders aiming for a rise up to this point.

The lower boundary of the price range is firmly held at $138.77, and the fact that liquidity is concentrated near the upper end within this narrow box pattern is important. Looking at the market structure, selling pressure and buying pressure are maintaining a delicate balance, and until one side gains the upper hand, price movements are expected to remain limited.

Technical analysts believe that the price movement when SOL breaks out of this defined range will be key to forming the next trend. In particular, whether it can surpass $145 is seen as a turning point for short-term bullish momentum, and market participants are closely watching this critical juncture.

SOL1,07%
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