SAEDNEWS: Solana Nears Key $140 Resistance as Trading Volume Surges, Signaling Potential Major Upswing
According to the cryptocurrency service of Saed News, Solana (SOL) is approaching the important $140 resistance level today. Rising trading volumes and improving market indicators suggest that the asset may be on the verge of a major move. On December 10, Solana’s price climbed 5% to reach $138, fluctuating between $128 and $145 over the past week, although it remains 17% lower on a monthly scale.
Daily trading volume for Solana has surged 34% to $6.97 billion, signaling renewed demand in both spot and derivatives markets. Data from CoinGlass indicates that derivatives trading volume increased by 23% to $18 billion, while open interest grew 2.3% to $7.25 billion. Typically, rising open interest during low-volatility periods points to gradual position accumulation and market anticipation of a significant move.
Glassnode reports that Solana’s realized profit-to-loss ratio has remained below 1 since mid-November. This often signals that the market is entering a phase of “deep liquidity reset,” historically occurring just before rapid upward waves in previous cycles.
Analysts at Altcoin Vector predict this phase shift could begin as early as January, though an earlier occurrence is possible. The upcoming Breakpoint 2025 conference, held from December 11–13, could also boost market sentiment through announcements of new collaborations and on-chain revenue-generating ideas.
From a technical perspective, Solana is trading above the lower Bollinger Band and near the $140–$145 resistance zone. A breakout above this range could pave the way for a rise to $160, while failure to break through may push the price back toward the $135 level.
