Solana Nears Range Resolution: Will $145 Flip to Support?

$SOL remains a high-conviction asset for traders and allocators after its 2021 breakout. Since early 2026, sentiment has improved on rising institutional engagement (including ETF-related filings), steady protocol upgrades, and expanding DeFi and tokenisation activity. These fundamentals support a constructive long-term thesis - but price action still needs confirmation.

Technically, $145–$150 has flipped into a clear supply zone. After the 2025 highs, repeated rejections below $150 signal active distribution. Until SOL reclaims and holds above $145, upside remains capped.

Price has compressed into a multi-month range. Demand is firm at $128–$119, repeatedly absorbing sell pressure, while supply dominates $130–$144. Liquidity is thinning, and CMF shows bearish divergence, warning that buyers have yet to take control.

This looks like consolidation, not capitulation. A decisive break and close above $145 could unlock $150+. Failure to do so keeps SOL range-bound, with downside protected as long as $119–$128 holds.

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