Solana attempts to surpass the $145 mark—Will the recovery succeed?

Market Sentiment Is Changing, But Selling Pressure Remains Concerning

2026 has begun with a wave of optimism around Solana. Major institutions are entering, ETFs related to financial giants have launched, and the Solana ecosystem continues to expand with DeFi initiatives, tokenization, and numerous new projects. These are positive signals that everyone is talking about.

But on the ground, what is really happening? SOL is currently trading around $145.25, but history shows this price level is not an easy seat to sit in. After the decline from the 2025 peak, sellers have gained control, turning the $145–$150 zone into a very strong resistance wall.

The Battle Between Buyers and Sellers at Key Levels

To understand the current situation, look at how SOL is moving. The price has been stuck in a long horizontal range, with buying pressure continuously appearing in the $119–$128 zone. This is a well-protected support area, indicating smart traders are trying to suppress selling pressure from the other side.

However, every time SOL attempts to climb to conquer the $130–$144 zone, continuous sell-offs occur. This is no coincidence—it’s a sign of strong distribution pressure, where large holders of SOL are gradually offloading. The result? The $145 resistance level still hasn’t been broken, like an impregnable wall.

Technical Indicators Signal Conflicting Messages

Chaikin Money Flow (CMF) tells a sad story: liquidity is drying up, and a clear bearish divergence is present. This means buying momentum is waning, and a decline could occur if nothing changes.

But wait—not all news is bad. MACD is showing signs of weakening selling pressure, with a potential bullish crossover on the horizon. RSI is also trying to recover to higher levels, suggesting that bullish momentum is beginning to build.

What Could Turn the Tide?

If trading volume begins to increase steadily and traders start attacking the $145–$150 zone again, a strong recovery is likely. Solana has proven to be one of the most closely watched coins, with participation from whales, retail investors, and institutions.

The current price structure suggests that SOL is still in an accumulation phase. This prolonged sideways movement isn’t necessarily a bad sign—it could serve as a foundation for a stronger rally once key resistance levels are finally conquered.

In summary, Solana is trying to regain control, but there’s a long road ahead. Until the $145 threshold is no longer an obstacle, upward attempts are likely to remain limited. However, if momentum continues to favor the bulls, the $150 target and beyond remain within reach.