Solana enters a critical phase on the daily chart, with price action being squeezed between a key resistance level above and a strong support layer below.

Recent daily closing prices have slowly declined from the mid-$140s, but selling pressure is weakening, suggesting market momentum may be about to shift. Whether the market ultimately breaks upward or downward largely depends on the interaction between the price and the most active liquidity clusters in the order book.

Short-term trend weakening but showing initial stabilization
Solana is still below the 9-day and 20-day moving averages, a pattern that typically indicates short-term weakness.

SOL/USD daily chart(Source: GeckoTerminal)

Sellers still hold the advantage, but the exponential moving averages are flattening, indicating the downtrend is weakening rather than accelerating. If demand begins to accumulate near support levels, this shift often signals that the price will attempt to reverse.

The Relative Strength Index(RSI) is around 40, indicating market momentum remains weak but not severely oversold. This suggests the market is in a zone where a rebound or a new round of selling could occur.

Even though the overall trend remains negative, the positive histogram on the MACD also indicates that bearish momentum is waning. All indicators combined show a deceleration rather than a collapse.

Key resistance levels that Solana must break through
Solana faces dense resistance, which has repeatedly limited its upward momentum.

The first resistance is at $139.02, where the price has struggled to regain upward traction. If this resistance is broken, the market could challenge the next zone around $143.64, followed by a potential breakthrough into a broader resistance area near $146.48.

These resistance levels align with dense order book liquidity. Large sell walls at $143, $144, and $145 represent strong selling pressure. Breaking through these sell walls could trigger rapid gains—approximately 4.9%, 5.6%, and over 6% respectively—as liquidity between these levels gradually diminishes. Bulls need to break through these hurdles to initiate a meaningful trend reversal.

Support levels and buyer defense zones
On the downside, $135.32 remains the most tested and immediate support level. If prices fall further, the next supports could be at $131.71 and $131.37, both slightly above areas with abundant buyer liquidity.

Order book data shows a large buy wall at the $130 price level, holding over 11,620 Solana tokens, forming the strongest defense. Following this are the $130.75 and $129.29 levels, which also have ample liquidity. These buy walls can absorb significant selling pressure and trigger strong rebounds; however, if these buy walls are broken, Solana’s price could drop rapidly by 4-5%, risking falling into lower zones.

Order book dynamics: where does the next major move start?
Liquidity conditions are tightening. A large accumulation of buy orders below $131, while dense sell orders form a price ceiling between $143-$145. This structure often signals imminent price volatility, as ultimately one side will capitulate.

If the bulls can push Solana’s price into the $139-$144 range and start clearing sell orders, a decisive reversal of upward momentum may occur. Conversely, if the bears push the price back down toward the $130 liquidity resistance and absorb these funds, a quick failure could follow.

Order book interest is intense on both sides; once one side gains dominance, explosive breakouts are possible.

Potential long-term setup
Cautious bullish traders might wait for a break above $139.02 to confirm the return of buying pressure. More aggressive entry points could be around the support at $135.32, where demand has shown signs of stabilization.

Upside targets for bullish positions include the resistance at $143.64, with a potential push toward $146.48 if momentum strengthens, especially after breaking through the sell walls at $143-$145. Setting stop-losses below $135 can reduce downside risk caused by liquidity shortages.

Potential short-term trading opportunities
As long as Solana’s price remains below the EMA lines and fails to hold above resistance levels, short positions remain valid. If the price encounters resistance near $139.02 or dense sell orders around $143, it presents a good shorting opportunity.

Downside targets are $135.32 and $131.71, with ideal stop-loss positions above the $143-$144 region, where bearish momentum would weaken. If liquidity at $130-$131 breaks down, deeper retracements could occur.

Conclusion
Solana is experiencing a tightening phase characterized by overlapping liquidity barriers.

Indicators show bearish pressure easing but not yet reversing. Whether SOL can break through the $143-$145 resistance zone or fall toward the $130 liquidity support will determine its December trend.

Once any of these major barriers collapses, traders should be prepared for market volatility.