Solana Squeezed Into $146–$150 Chokehold – What Will Break the Stalemate?

Solana’s price action has flatlined—trapped in a suffocating $146–$150 range for days. Traders are itching for a breakout, but the market’s playing coy.

Key pressure points: Whale accumulation at $145 suggests a floor, while overhead resistance at $152 acts like a glass ceiling. Meanwhile, Bitcoin’s sideways shuffle isn’t helping.

Volatility catalysts to watch: A decisive close above $155 could trigger algorithmic buying frenzies (and reignite the ’Ethereum killer’ narrative). Conversely, a dip below $142 might see panic-selling—because nothing fuels crypto drama like stop-loss hunting.

Bonus cynicism: Wall Street’s ’volatility experts’ are probably placing opposite bets and blaming Fed whispers either way.

Source: X

The Bollinger Band resistance at $148 pushed the price further downward. Currently, a bullish fundamental shift appears likely, although traders should exercise caution.

This setup highlighted an important threshold, as traders anticipated either a bullish or bearish movement in the upcoming trading period, accompanied by increased market activity.

SOL analysis by volume and EMA indicators

Meanwhile, Solana held close to $147.23, staying range-bound between the VWAP at $148.07 and VAL support from $146.34 to $146.62.

The price remained below the weekly VWAP, which showed the inability of SOL to reclaim its value. Price data displayed close distribution, which corresponded to minimal risk in the market.

This confirmed that repeated rejection above $148.5 suggested seller aggression. The minimal strength of SOL buyers became evident through a weak CVD combined with an OI Delta.

Source: TradingView

If SOL can push above $148.07 and hold, it may climb toward $148.80, targeting a 7-day VWAP zone of $150–$150.5. In that case, traders could consider placing stop-losses at $146.7.

On the flip side, rejection below VWAP and VAL could push SOL toward $146 — or even $144.5 if $148.3 remains unbroken.

This configuration confirmed essential price levels where the market would determine future short-run movements.

Leveraged positions on monthly lookback period 

On top of that, a high concentration of Leveraged positions worth over $1 billion clustered between $142–$144, per Hyblock Capital.

This indicated that these price zones acted as an attractive destination for traders. Price might reverse at the resistance zone, which spanned from $150-$158 on the upside and $140-$146 below the price.

Source: Hyblock Capital

In fact, the $144 level could trigger long liquidations if Solana approached it because of strong liquidity activities.

Alternatively, the market could generate upward momentum from $150 resistance up to $152 if SOL manages to break through $148.

Historically, price spends most of its time at densely liquid zones, so these areas become strategic points between bull and bear forces.