Solana Consolidates Near Critical $125-$145 Range as Analysts Await Breakout

Solana (SOL) is currently experiencing a period of tight consolidation, with its price oscillating within a crucial range defined by key support and resistance levels. According to market data and analysis from multiple sources, SOL is trading around $132, having retreated from its 2025 highs. The token finds significant support in the $120–$125 zone, a long-term demand area that has repeatedly absorbed selling pressure. On the upside, the $145 level serves as a major resistance; a decisive break above this point is widely viewed as a potential trigger for a new bullish leg.

Prominent crypto analyst Ali Martinez has framed the current price action as a neutral compression phase, stating that a move above $145 would flip the trend bullish, while a loss of $125 would shift the structure lower. Other analysts, including Bitcoinsensus, have noted a falling wedge breakout on the daily chart, though follow-through remains limited as price struggles to reclaim the $140 region. The broader technical structure suggests that SOL is in a wait-and-see mode, with volatility compressing ahead of a potential decisive move.

Longer-term perspectives remain cautiously constructive. Analyst Nehal highlights that SOL is inside a broad basing structure following a nearly 78% retracement from its peak, a magnitude often associated with late-stage corrections. The projected recovery path outlines a gradual reclaim of $185, with potential expansion toward the $230–$240 region if momentum returns. The market is closely watching for a sustained push through the $150–$185 resistance band as the first signal of a larger recovery phase.