Where is the target for SOL
The price of SOL is currently facing key technical resistance.
The 1-day chart shows that although the price broke through $120 in the short term, the strong supply zone around $140 may pose a challenge for the bulls.
Solana has performed well relative to Ethereum, with increased on-chain trading activity driving up demand.
A breakout above $143 for Solana could be a short-term bullish signal, as the RSI indicator has risen above 50, indicating that bullish momentum is gradually strengthening. Additionally, the OBV indicator shows that buying pressure is increasing, which may push the price above $143 and further upward.
According to Solana's liquidation heatmap, $150 and $158 are key resistance areas, containing over $2 billion in liquidation zones. Recent prices may rise to $150-$160. Nevertheless, whether it can break through $140 and maintain an upward trend remains uncertain, as it will depend on the movements of Bitcoin and the overall market.
