Solana Attracts $120M in Investor Liquidity – Signs of an Impending SOL Price Surge?

As of April 18, 2025, Solana (SOL) has witnessed a significant influx of $120 million in liquidity from investors, sparking discussions about a potential breakout. Market analysts are closely monitoring the blockchain’s performance, given its history of rapid scalability and low transaction costs. The recent capital injection could signal growing confidence in SOL’s ecosystem, particularly with the rise of decentralized applications (dApps) and non-fungible token (NFT) projects built on its network. Technical indicators suggest that SOL may be approaching a critical resistance level, which, if breached, could lead to a substantial upward price movement. Traders are advised to watch key support zones and trading volume trends for confirmation of bullish momentum.

Here’s why $143 remains key

Source: SOL/USDT on TradingView

In a recent analysis, it was pointed out that Solana retained a bearish market structure on the daily chart despite its gains over the past ten days. The lower high at $143 was not yet broken.

However, the move beyond $120 meant that the lower timeframe charts were more strongly bullish.

The OBV has been rising higher over the past ten days, making a new high beyond that of March’s. The OBV was about to challenge the January highs, a sign of strong buying pressure in recent days.

Moreover, SOL’s RSI flipped the neutral 50 level to support, showing bullish momentum on this timeframe.

Source: Coinglass

The $150-$160 region was the short-term price target due to the liquidity clusters overhead. The $140 area, merely 6% above the Solana market price, was also a strong magnetic zone.

To the south, the $123 area was an attractive target as well, as it had nearly $5 billion in liquidations clustered around it.

This lined up with the support level another analysis underlined, marking the $120-$130 region as an accumulation zone.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion