Solana Price Crosses $145 As Massive Short Liquidations Loom

Solana’s token, SOL traded at $146.40 at press time. In the last 24 hours, the price has grown 2.13%, and 2.48% percent in the last week. Following the $156 high on 25 April, SOL has not been able to mount enough upside pressure and is currently seen consolidating in a tighter range. Meanwhile, technical indicators are neutral. As for the momentum, the Relative Strength Index (RSI) of the stock currently stands at 54.47, indicating that the stock is neither oversold nor overbought. The value of the Chaikin Money Flow (CMF) sits at 0.06, reflecting light buying activity. This has allowed key support levels to still be at $130 and $114, while there is resistance forming just below the $150 level. In short-term, you can see that the asset is trading sideways without any clear breakout. Solana Short Liquidation Zone Between $145 and $150 Gains Attention Market analyst TheKingfisher recently shared data pointing to a dense cluster of short liquidations between $145 and $150. He noted, “There’s not much support for long positions below current levels, but shorts are stacked above.” If Solana price begins to move higher, the clustered short positions may get squeezed, forcing sellers to cover, which can drive the price up quickly. The structure on liquidation maps shows very little downward liquidity support, which suggests that an upward move could result in a quick spike. Traders are watching this range closely for a possible surge if momentum builds past the $147 mark. Solana Key Levels Could Open Door Toward $200 Range On the 3-day SOL/USDT chart, the token is trading near multiple descending trendlines and a horizontal resistance zone at $147.24. A breakout above this level could shift market sentiment. Such a move would invalidate the recent downtrend pattern that began after the last major peak. Analyst EliZ mentioned that a clean move past this zone, followed by a successful retest, could give SOL enough strength to target the $190–$200 region. Support remains firm at $132.97 and $114.24, levels where buying interest previously emerged. Long-term resistance near $263 still holds as a future level to watch if bullish continuation takes place. Stablecoin Growth Signals Strong DeFi Demand Solana (SOL) has seen a major increase in stablecoin supply during 2025. According to DefiLlama, the network’s stablecoin total has grown 156% this year, now exceeding $13 billion. Circle’s USDC leads the market with a 77% share of that supply on Solana. Rising stablecoin balances usually indicate higher demand for decentralized finance tools. Between December 2023 and August 2024, SOL gained over 230% while stablecoin inflows grew from $1.55 billion to $4.06 billion. That pattern may be repeating as total stablecoin volume on Solana recently hit an all-time high, now surpassing $103 billion. TVL and Network Activity Continue to Grow Solana’s DeFi ecosystem keeps growing. From early April through May 6 the total value locked (TVL) grew by over 25% from $6.1 billion to $7.65 billion. Sanctum staking platforms saw deposits growth with 44%, Jito and Kamino had 25%, respectively. Also, the transaction volume is trending higher. Meanwhile, over the last 30 days, Solana transactions increased by 25 percent to now average 57.77 million per day. The network is leading the day with the highest number of decentralized exchange activity with daily volumes of $2.61 billion. Though still young, Solana has since grabbed 27.7% of the DEX market share, overtaking Ethereum and BNB Chain. Short liquidations at resistance and stablecoin use on the rise see traders eye the breakout for SOL past $150. Source: https://www.thecoinrepublic.com/2025/05/07/solana-price-crosses-145-as-massive-short-liquidations-loom/