Solana’s been moving sideways lately. It’s sitting around over $133 — not going up, not crashing either. In the past 24 hours, it barely moved, just a small 1% uptick. But behind that calm surface, there’s been some action.
With a market cap currently valued at $68.72 billion and 24-hour trading volume standing at $4.22 billion, dropping a slight 2%.
Around $18.5 million worth of liquidations happened in one day — and what’s wild is that both sides got hit. About $8.7 million in long positions and $9.8 million in shorts got wiped out.
Last week, SOL tried to push through $133 but just couldn’t hold above it. That level is now acting like a ceiling. Every time it gets close, sellers start dumping. On the other side, support around $120–$125 is still holding strong — buyers are stepping in there and keeping the price from dropping further.
So what now? If people start buying again and the volume goes up, there’s a good chance Solana could finally break past $133. If that happens, $140 or even $144 isn’t too far off.
Some traders are even eyeing $148, but that kind of move would need a strong push — maybe from Bitcoin climbing or some good news for Solana.
But it could go the other way too. If sellers stay in control and the price breaks below $120, it might fall to $110 pretty quickly. Especially if the whole crypto market stays shaky.
This week could go one of two ways:
- If it bounces: A clean move above $133 could trigger a short rally — maybe $140, maybe $144 if the buying pressure is strong.
- If it drops, Watch $120 closely. If it cracks, the next stop could be $110.
For now, it’s all about momentum. If something sparks a move — like a Bitcoin rally or a Solana network update — SOL could get going again. Until then, it’s just hovering in this tight $120–$133 zone, waiting for something to happen.
Also Read: Solana (SOL) Beats USDC, Hits $64 Billion Market Cap
