Home » Solana Price Prediction: Can SOL Break Out of Its Sideways Range After Weeks of Tight Trading?

Solana Price Prediction: Can SOL Break Out of Its Sideways Range After Weeks of Tight Trading?

by John Paterson
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Solana (SOL) is still stuck in a tight range, moving between $124 and $145 with no strong push in either direction. 

On-chain analyst Ali said the token has held this sideways pattern for several days, bouncing between the same levels without showing real strength.

Right now, SOL is trading near the middle of the range. Analysts often call this zone unclear and not ideal for new entries. 

The price has failed to break above $145 several times, while buyers near $124 are still active but not as firm as before.

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Will SOL Reclaim $145 or Slip Below $124 in the Next Major Move?

Ali’s chart shows SOL testing both the top and bottom of the channel more than once, yet neither side has taken control. 

This kind of setup usually signals indecision, where buying and selling pressure are almost equal. It also hints that a strong move could come once the range finally breaks.

For now, SOL may continue this sideways movement unless buyers manage to reclaim $145 or sellers force a drop below $124. A breakout in either direction would likely set the tone for the next trend.

As per Coingecko data, Solana’s market cap is around $76.94 billion, with roughly $6.36 billion in trading volume over the past 24 hours. The token trades near $137 at press time and is up 2.58% on the day. Solana is showing its first signs of strength after several quiet weeks, and the latest chart hints at a possible shift in direction. 

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Is Solana Finally Ready to Break Above Its Long-Term Descending Trendline?

The analyst who shared the chart said SOL is now trying to break above a descending trendline that has blocked every rally since mid-October.

Price is sitting right under that line, with the $139–$146 range turning into the first major resistance area. The chart also shows a clear compression pattern. SOL has been making higher lows while testing the same ceiling near $145 again and again.

This creates a tight structure that often appears before a breakout. A close above $145 would be the first strong move beyond the trendline and could open the way toward the next supply zone between $175 and $190.

The analyst said volatility will likely rise if buyers reclaim this level. A clean breakout above $145 could pull momentum toward $180 as the broader downtrend begins to lose strength.

The chart’s projected path shows a possible retest of the breakout level, followed by a push into the higher range. 

For now, SOL stays in a neutral-to-bullish position. Its structure is improving, but it still needs a confirmed breakout above resistance before the trend can turn decisively upward.

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The post Solana Price Prediction: Can SOL Break Out of Its Sideways Range After Weeks of Tight Trading? appeared first on 99Bitcoins.





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