Solana continues to trade in a tight range as liquidity conditions weaken across the network. Nearly $500M in long positions face stress as SOL trades near key liquidation points. Repeated wicks near range limits show compressed volatility and caution among market participants.
Solana stays locked within a narrow range as weakening liquidity and rising long-position risk shape short-term market behavior. Price movement remains reactive, while traders watch for a confirmed breakout.
Range Structure Sets the Tone for Solana Movement
Analyst Ali shared on X that Solana remains stuck between $124 and $145, describing a market held in a tightly defined consolidation structure. Price continues to fluctuate between these levels as buyers and sellers fail to generate sustained movement beyond the established boundaries.
The mid-range zone at $135–$136 still guides intraday decisions. Trading below this zone reflects short-term pressure after another failed attempt to hold gains near $142–$145. Candle bodies continue to close inside the range, confirming that the broader structure remains unchanged despite repeated liquidity sweeps at both ends.
Liquidity Reset Adds Pressure as Long Exposure Rises
A broader liquidity decline across the network was noted, a condition often associated with late corrective phases. Nearly $500 million in long exposure now sits close to liquidation points, making a modest drop toward $129 a possible trigger for a cascading unwind.
Realised losses have exceeded realised profits over the past 30 days. This suggests that many recent entries are underwater. Even so, this setup mirrors earlier liquidity resets where excess leverage exited the market before price later stabilized around stronger hands.
Volatility Compression Shows Reactive Trading Environment
Solana trades near $137.25 after slipping 2.65% over the week. Repeated attempts to reclaim the $140–$145 liquidity pocket continue to face fast rejection. However, each dip into the $130–$133 range draws strong wicks, showing that demand remains active at lower levels.
Volume rose nearly 64% in the past 24 hours, yet the asset failed to hold its upward movement. This suggests more short-term trading activity than long-cycle accumulation. With a $77 billion market cap and 561.46 million SOL in circulation, Solana remains highly liquid even as volatility compresses. A break above $145 or below $124 should define the next directional move.