Solana (SOL) Approaches $140 Mark — Key Resistance Levels Analyzed
As of April 20, 2025, Solana’s native token SOL is exhibiting strong bullish momentum, nearing the $140 price threshold. Market analysts are closely monitoring critical resistance zones that could determine the asset’s short-term trajectory. The current rally reflects renewed institutional interest and improved network fundamentals, including enhanced scalability and lower transaction costs. Traders should watch the $145-$150 range as a decisive resistance cluster, where previous all-time highs (ATH) were established. A successful breakout could pave the way for SOL to test its next psychological barrier at $180, while failure to sustain momentum may trigger profit-taking near current levels.
Is SOL Price Gearing For A Breakout Or Breakdown?
In a recent post on the X platform, prominent crypto analyst Ali Martinez shared an on-chain insight into the current Solana price setup and its potential future trajectory. The online pundit referenced the “UTXO Realized Price Distribution” (URPD) indicator, which monitors the amount of a particular cryptocurrency that was acquired at a given level.
Usually, the ability of a price level to serve as an on-chain support or resistance zone depends on the number of investors (and coins) with their cost basis around this level. The cost basis of an investor refers to the spot price at which they acquired their tokens or coins.
Typically, a price region (beneath the current price) where several investors bought their tokens will likely act as a support level. This is because investors are likely to double down on their position when an asset’s value falls to their cost basis; this buying activity helps keep the token’s price afloat.
On the other hand, price levels above the current price with significant buying activity would serve as major supply or resistance barriers. The rationale behind this is that investors tend to sell off their assets when the token’s price rises back to their cost basis, putting downward pressure on price and preventing further upward growth.
The chart below shows the distribution of token supply at different Solana price levels surrounding the current price.
According to data from Glassnode, the most important support for the Solana price lies around $129, while the major resistance sits at around $144. As Martinez explained, a breakout (above $144) or breakdown (below $129) could determine the fate of the SOL token over the next few weeks.
As observed in the highlighted chart, the next significant support for the Solana price sits around the $10 level. Meanwhile, there is no significant resistance for the altcoin till around the $170 price level based on the URPD indicator.
Solana Price At A Glance
As of this writing, the SOL token is valued at around $138, reflecting an over 3% price increase in the past 24 hours.
