🚨Alert! SOL is gearing up: Will it soar or crash? Traders must pay attention to this key price level!

Solana is approaching a critical point, with bulls and bears facing off.

Recently, Solana has risen above $150, and whales have transferred 135,000 tokens to exchanges in 19 days, raising market caution. However, retail and short-term traders remain bullish, with prices rising 2.48% in the past 24 hours.

Market movements hide secrets: Trading volume surges, chips are being exchanged.

Despite overall trading volume skyrocketing to $11.6 billion and options trading soaring by 69%, open interest has decreased by 4.8%, suggesting that some leveraged positions have been cleared early and investors are becoming more cautious.

Financing rates remain stable, and bulls are not overheating.

Financing rates remain in a slightly positive neutral zone, indicating that the market is still under control. Buyer strength has not reached extremes, and there is still room for further price extension.

Technical analysis faces a watershed moment: $160 becomes the decisive point.

Technical trends are strong, with SOL holding steady at the $142 support level, and RSI still has room to rise. If it breaks through $160, it may trigger a rapid rally, targeting the $180-$200 range; conversely, if it fails, a retest of $142 or even $104 could occur.

The liquidation heat map reveals key ranges: A breakout could trigger a short-covering wave.

There is dense support below the current price, while liquidation pressure drops sharply above $153. If the price breaks out, it could trigger a short squeeze, driving SOL sharply higher.

Summary: SOL is at a critical turning point, and traders need to closely monitor the gains and losses at the $160 mark. A breakout could ignite a new rally, while a failure would face significant adjustments.