Saad Ullah
⬤ Solana's been trading sideways for weeks now, stuck in a pretty clean range that's kept the price contained throughout December 2025. While Bitcoin's been calling the shots for the broader market, SOL has carved out its own technical structure that traders are starting to pay attention to.
⬤ Right now SOL's bouncing between support around $120 and resistance sitting in the mid-$140s. The setup's been remarkably consistent—each time price dips toward that lower boundary, buyers step in and push it back toward the middle of the range. Currently trading near $123, SOL's showing the kind of compression you'd expect when a coin's building energy for its next move. The chart shows multiple touches of both boundaries without any real commitment to breaking out in either direction, which is classic range-bound behavior.
⬤ Here's where it gets interesting: if Bitcoin chills out and volatility drops across the market, SOL might finally make a run at that upper resistance. For now though, it's all about respecting those horizontal levels. The range is holding because the broader market's been in this weird holding pattern going into year-end, where money's not really flowing aggressively in any direction.
⬤ This consolidation phase isn't just killing time—it's actually building stronger support and resistance zones that'll matter when SOL eventually picks a direction. As one of the biggest smart contract platforms out there, Solana's price stability inside this range is telling us something about how the market feels about alternative blockchain platforms right now. Traders who understand ranges know these setups can lead to explosive moves once they finally break, which is why eyes are staying glued to those $120 and $140 levels.
Saad Ullah
