Solana (SOL) is currently trading in a corrective structure, with key support levels identified at $135.50, $132.84, $130.17, and $126.47. Analysts are closely monitoring resistance at $142.60 and $144.60, which previously halted rallies and now serve as critical barriers for any upward movement toward $157.
The price action shows a completed A-wave and an active B-wave within a Fibonacci zone between $135.57 and $130.17. According to More Crypto Online, a break above $142.60 could signal readiness to challenge higher resistances. Donalds Trades highlighted a potential inverse head-and-shoulders pattern targeting $160, with price movements confined inside a descending wedge.
Market participation remains steady, with open interest up 1.7% and $12.5 million in notional leverage added to protect the $135 region. Funding rates turned positive at 0.0027%, indicating sustained bullish positions. ETF flows saw a recovery, with Farside Investors reporting $5.3 million in net inflows on Friday, rebounding after 21Shares withdrew its Solana staking ETF application. Corporate treasuries have accumulated over 16 million SOL in 2025, reinforcing support levels.
Simultaneously, liquidity data reveals a significant short liquidation zone near $144, where a dense cluster of short positions could unwind if price approaches. SOL trades at $136.62, holding support at $135.21 and facing resistance at $137.78 within a tight range. The weekly gain of 5.1% underscores upward pressure, but horizontal movement persists, with liquidity heatmaps highlighting key levels between $138 and $144 for near-term observation.
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