The current price: $123.11 Market Capitalization: $69.3 billion Trading Volume: $4.7 billion Major supply zones: $140, $145, $160 Major demand zones: $125, $120, $115
Solana (SOL) Price Analysis—December 30, 2025
The Solana market has continued to consolidate near the $120 price level for approximately two weeks. The bearish trend that began around $250 in September started to lose momentum in November, with selling pressure gradually easing as the price approached this critical psychological level.
For over a month now, price action has respected the $120 area, slowing down and moving sideways as the market struggles to find a clear directional bias. While bullish momentum remains limited and insufficient to trigger an immediate rebound in the crypto signal, the prolonged consolidation at this level suggests that downside pressure is weakening.
This extended consolidation reinforces $120 as a strong and reliable support zone. As a result, some traders may already be accumulating positions, anticipating that sustained stability at this level could eventually pave the way for a market recovery rather than a further breakdown.
SOL/USD Technical Indicators Outlook
The Solana market still holds the potential for a rebound as price action continues to consolidate within a narrow range, signaling an ongoing tug-of-war between bulls and bears. Selling pressure has weakened noticeably after the price reached this level, suggesting growing uncertainty among sellers.
While the daily chart still reflects mild bearish pressure, the 4-hour timeframe shows the market trading near equilibrium, with buying and selling forces largely balanced and traders remaining indecisive. Notably, bulls have maintained a firm hold around the $120 price level. The longer this consolidation persists, the stronger this level becomes as a support zone, increasing the likelihood that it may eventually sustain an upward move in the market.
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