Solana Price Pushes Toward $140 With Signs of a Bigger Upside

Solana (SOL) is showing renewed strength as its price approaches $140. In the past week, SOL has ranged from $128 to $145, indicating a cautious recovery. It now trades at $137.26, up 3.4% in the last 24 hours. Despite an 18% drop over the past month, increased trading suggests potential for further growth.

SOL Current Trading Activity

Solana has seen a surge in trading, with $6.41 billion in SOL changing hands in the last 24 hours, a 53% increase from prior levels. CoinGlass reports that Solana derivatives volume grew 23% to $18 billion, while futures open interest increased 2.3% to $7.25 billion.

When open interest rises while prices stay steady, it often shows traders are slowly adding positions rather than exiting. This can mean the market is quietly getting ready for a move. These periods often come before bigger price changes as liquidity shifts.

Solana’s Liquidity Trends

Analysts suggest that Solana is undergoing a full liquidity reset. Glassnode reports that SOL’s 30-day Realized Profit-to-Loss Ratio has stayed below 1 since mid-November, meaning more trades are losing than winning. This usually happens during deeper market adjustments, when weaker positions are removed, and liquidity starts to stabilize.

Liquidity can be assessed through several measures, including the Realized Profit-to-Loss Ratio (30D-SMA).
For Solana, this ratio has traded below 1 since mid-November, meaning realized losses now exceed realized profits. This signals that liquidity has contracted back to levels… https://t.co/KWA67kkGLm pic.twitter.com/cZELe5xzdD

— glassnode (@glassnode) December 10, 2025

Altcoin Vector says liquidity resets often end forced selling, allowing the market to recover. When liquidity grows again, prices can rise quickly, sometimes starting multi-week rallies. SOL has often been a leading indicator during these phases.

The Breakpoint 2025 Conference from Dec. 11 to 13 could also provide additional momentum. If sentiment is positive, SOL could follow a stronger upward path as liquidity returns.

Technical Signals Suggest Strength

SOL is trading above its lower Bollinger Band at about $135 and is slowly moving toward the middle band near $145. Momentum indicators are showing early signs of improvement. The MACD has turned positive, and the relative strength index is at a neutral 48, suggesting selling pressure may be easing.

Short-term moving averages are holding just below the price, giving it a short-term floor. Longer-term averages remain above, so SOL must gain strength to break out. A close over $145 may target $160, whereas a rejection could send it back to $135.

Potential Outlook for SOL

Solana is at an important point. Volume and open interest are rising, liquidity is steady, and technical signals suggest a possible rebound. Short-term ups and downs are likely, but activity and investor interest are growing. Events like Breakpoint 2025 and market adjustments could trigger a stronger upward move.