Solana Price Eyes $140 as Key Metrics Point to Low Cycle Reset
Solana’s price is trending back towards $140, driven by increasing volume and improving indicators that suggest a significant move may be on the horizon. As of December 10, SOL was trading at $138, with a strong rebound in daily trading volume, indicating a potential recovery.
The cryptocurrency has experienced a fluctuation in price over the past week, ranging between $128 and $145, although it is still down 17% over the past month. However, trading activity has picked up, with $6.97 billion in volume recorded in the last day, representing a 34% increase, and showing increased market interest in both spot and futures markets.
Data from CoinGlass reveals that Solana (SOL) derivatives volume increased 23% to $18 billion, while open interest rose 2.3% to $7.25 billion. This increase in open interest during a quiet price period often signifies that traders are slowly increasing their exposure, preparing for a potential change in the market.
Liquidity Signals Point to a Complete Reset
According to Glassnode, Solana’s realized profit-loss ratio (30-day SMA) has remained below 1 since mid-November, indicating that the market has made more losing trades than winning trades. This phenomenon typically occurs during periods of deep reboot, where liquidity dries up before a new cycle begins.
Analysts at Altcoin Vector have noted that Solana is experiencing a “full liquidity reset,” a phase seen in past lows. In these moments, forced selling slows down, weak hands exit the market, and the ecosystem begins to recover. They suggest that when liquidity finally increases, the price often moves quickly, triggering multi-week rallies and generating new interest in altcoins.
The upcoming Solana Breakpoint 2025 conference, scheduled for December 11-13, could provide additional impetus to this recovery. The event is likely to bring updates on real-world assets, new partners, and new on-chain revenue ideas, which often attract large companies and may contribute to a potential price surge.
Solana Price Technical Analysis
SOL is trading above the lower Bollinger Band at around $135 on the daily chart and is gradually moving back towards the middle band at $145. Although the Relative Strength Index is at a neutral 48, it has risen since last week’s decline. Other momentum signals are also improving, and the MACD is just starting to turn positive, which could be an early sign that SOL is preparing for a possible recovery.
Solana daily chart. Photo credit: crypto.news
Short-term moving averages, such as the 10-day and 20-day averages, are now acting as close support and are just below the current price. Solana needs more strength to break out of its overall decline, as longer-term averages are still above the price. If the price closes above $145, the bulls would have an easier path to $160, whereas a rejection could push the price back towards $135.
Solana currently appears to be in a reset phase, which usually precedes a new cycle. As the market prepares for a potential change, investors and traders are advised to keep a close eye on the cryptocurrency’s price movements and technical indicators. For more information, visit https://crypto.news/solana-price-eyes-140-key-metric-cycle-reset-2025/
