Solana (SOL) is turning heads again — and for good reason. After reclaiming the $120 mark, this high-performance blockchain project is setting its sights on a critical breakout zone between $140–$150. With momentum rapidly building, Wallstreet Queen Official is keeping close tabs on what could be Solana’s next major move in the altcoin space.
Why Solana’s Price Action Matters Now
Despite three months of a bearish trend, Solana is flashing reversal signals. The Relative Strength Index (RSI) has remained above 50 for several days — a feat it hasn’t pulled off since January’s bull run. Combine that with a surge in On-Balance Volume (OBV) nearing March highs (when SOL peaked near $180), and it’s clear: buyers are stepping back in.
However, the real test lies just ahead. The $143 level marks the last lower high from the recent downtrend. A strong break and hold above that could confirm a full bullish trend reversal — putting Solana on a direct path toward $150 and beyond.
The Liquidation Trap: $150 Could Be a Magnet
On-chain data from Coinglass shows massive liquidity clusters between $150 and $158, with over $2 billion in liquidation targets. This is crucial for traders. When price moves toward high-liquidity zones, short sellers are forced to cover positions, which adds fuel to bullish momentum.
Another liquidity hotspot sits between $136–$142, right where price is currently hovering. If Solana can smash through this range, it could trigger a short squeeze, rapidly pushing prices higher as traders rush to exit bearish positions.
Ethereum’s Shadow is Fading
In a surprising twist, Solana is outperforming Ethereum. The SOL/ETH ratio has been climbing steadily, and Solana is now capturing more user activity, transaction volume, and capital inflows than its larger rival. That shift in market preference is significant, especially for institutions eyeing Solana-based infrastructure and applications.
What’s Next? All Eyes on Bitcoin
While Solana’s internal signals look bullish, broader market dynamics still revolve around Bitcoin’s next move. If BTC breaks upward, Solana’s rally could go full throttle. But if Bitcoin falters, Solana may stall or retrace. The wildcard? A clean Bitcoin recovery could give Solana the rocket fuel it needs to blow past $150.
What Traders Are Watching
$143 – the key resistance level that must flip for a true bullish reversal
$150–$158 – a liquidity-rich zone that could trigger explosive upside
$95 – the next major support in a downside scenario, though unlikely short term
The Wallstreet Queen Verdict
At Wallstreet Queen Official, we’re watching this Solana setup closely — because it’s the kind of market structure we love to trade. Clear technicals, strong on-chain metrics, and a growing narrative around Ethereum alternatives make this a high-conviction watchlist pick.
If Solana breaks $143 and holds $140 as support, a swift move to $150 or even $160 could follow. For traders, this is a moment of opportunity. For investors, it could be a sign that Solana is preparing for a longer-term uptrend — one that could reshape the altcoin leaderboard in 2025.
Ready to navigate moves like these with confidence? Join Wallstreet Queen Official today — where crypto meets strategy, and opportunities become wins.
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