Solana is now facing a critical liquidity resistance zone after enduring weeks of heightened volatility and intense selling pressure across the crypto market. Following a steep drawdown, SOL has finally shown signs of buyer interest, sparking renewed optimism among traders. Despite the recent bounce, Solana remains over 47% down from its early March highs, reflecting the broader bearish sentiment that has gripped altcoins in the face of macroeconomic uncertainty and global tensions. Related Reading: Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasn’t Moved In A Year The price action is approaching a make-or-break point, and traders are watching closely. Top analyst Big Cheds shared insights on X, suggesting that a move “over $125 could trigger long on 2-level filter,” signaling the potential start of a momentum-based breakout if SOL can clear this threshold with strength. This level now acts as a key pivot in the short-term outlook for Solana. A breakout above $125 could reignite bullish momentum and attract sidelined capital back into the altcoin market. However, rejection at this resistance could fuel further consolidation or downside. With m ..
Support the originator by clicking the read the rest link below.
