Solana price is consolidating near a key $135 zone, with participants watching closely to see whether this structure evolves into a sustained recovery or a deeper corrective phase.
Solana price is entering a technically sensitive phase as price stabilizes near the $135 region following weeks of volatile movement. While short-term direction remains uncertain, market watchers are increasingly focused on whether the current structure represents a base for continuation or a pause within a broader corrective phase.
Rather than explosive momentum, SOL’s behavior reflects a market attempting to transition from decline into stabilization.
Support Holds as SOL Maps a Recovery Path
Solana’s recent behavior has been constructive despite ongoing consolidation. Price continues to defend a strong support base around the $125–$130 zone, an area that has repeatedly absorbed sell pressure. Elja’s roadmap outlines a potential path towards $145 and, if structure improves, an extension towards the $180 to $190 region.
Solana holds firm above the $125–$130 base as higher lows form beneath resistance, keeping the recovery path towards $145 and beyond technically intact. Source: Elja via X
The projection is not based on momentum alone but on how liquidity has been distributed across recent swings. Price has begun forming higher lows while compressing beneath a wide overhead imbalance zone. This pattern now reflects accumulation, provided support remains intact.
Technically, the structure improves above $140, where previous breakdowns occurred. Acceptance above this zone would open the door towards the $155 to $165 band, followed by the broader $180.
Momentum Indicators Hint at a Potential Turn
James Easton highlighted that SOL’s velocity RSI has returned to historically low levels. The last time this metric reached similar conditions, Solana rallied from roughly $95 to over $250. While history does not repeat perfectly, such momentum compression often reflects exhaustion in selling pressure. This does not guarantee an immediate breakout, but it shifts the risk profile in favor of the bulls.
SOL’s velocity RSI sinks into historically oversold territory, a condition that previously preceded a major rally, signaling that selling pressure may be nearing exhaustion. Source: James Easton via X
Higher-Timeframe Structure Builds a Bullish Case
On the higher timeframe, DrBullZeus points to a developing double bottom formation on the SOL/BTC chart, supported by improving on-chain strength and ETF inflow narratives. The chart shows that SOL can potentially break the previous ATH against BTC around 0.00310 if the lows continue to hold firm.
If this pattern plays out, SOL could begin to outperform Bitcoin over the coming cycle. However, confirmation still depends on sustained acceptance above 0.00210 resistance levels and follow-through volume.
SOL/BTC forms a potential double bottom, with strength building as price holds key higher-timeframe support. Source: DrBullZeus via X
Solana price is entering a technically sensitive phase as price stabilizes near the $135 region following weeks of volatile movement. While short-term direction remains uncertain, market watchers are increasingly focused on whether the current structure represents a base for continuation or a pause within a broader corrective phase.
Rather than explosive momentum, SOL’s behavior reflects a market attempting to transition from decline into stabilization.
Treasury Activity Adds a Macro Tailwind
Ted Pillows highlights growing strength in Solana treasury-linked companies. These stocks often move ahead of spot price because they reflect long-term positioning and institutional interest.
Solana-linked treasury stocks begin to outperform, hinting at early institutional positioning ahead of spot price moves. Source: Ted Pillows via X
While this does not guarantee a price rally, it shows that capital is slowly re-engaging with the Solana ecosystem. When treasury vehicles begin to perform well, it often aligns with broader shifts in sentiment.
This adds another layer to Solana’s setup. Price is not acting in isolation; it is being influenced by balance-sheet exposure and longer-term positioning.
Cautious Short-Term Outlook
Solana’s heatmap shows heavy liquidity between $140 and $148, with strong bids clustered around $128–$130. This explains the current sideways action. Price is being pulled between these two zones.
In the near term, this creates two likely paths. Solana may dip towards $130 to absorb resting bids before any move higher. Alternatively, it may grind upward towards $145–$148 to clear overhead supply.
SOL trades between $130 support and $148 overhead liquidity, with price balancing inside this range before the next directional move. Source: CW8900 via X
Neither path confirms a trend. It simply reflects a market in balance. As long as SOL holds above $125–$130, the broader recovery structure remains valid. A clean break below that zone would shift bias back towards deeper retracement.
Solana Price Favors a Controlled Recovery
At this stage, Solana’s recovery is moving forward slowly rather than aggressively. Price continues to form higher lows while staying capped below major resistance. This is what early base-building often looks like.
Solana current price is $135.67, down 0.06% in the last 24 hours. Source: Brave New Coin
Technically, SOL is holding above its recent range low and compressing beneath the $145–$150 band. Volume is steady but not explosive, showing that participation is cautious. This type of behavior usually appears before momentum returns, not during it.
The market is rebuilding its structure here for a potential recovery into January.
Final Thoughts: Bullish and Bearish Scenarios
From a bullish perspective, Solana’s structure remains constructive as long as the price continues to hold above the $125 to $130 support band. Defending this zone keeps the higher-low sequence intact and preserves the recovery thesis. A reclaim of the $140 to $145 region would mark the first meaningful structural shift, while sustained acceptance above $150 would signal that Solana price is transitioning out of consolidation. Under this scenario, upside extensions towards $165 followed by the broader $180 to $190 region become technically viable, but only if higher highs are established and prior breakdown levels flip into support.
The bearish case emerges if the Solana price fails to maintain the $125 floor. A decisive loss of this zone would unwind the current base-building structure and open the door for a move back towards the $118 to $120 demand area, where deeper liquidity rests. Such a move would reintroduce range expansion to the downside and invalidate the stabilization narrative, shifting focus away from recovery and back towards accumulation at lower levels.