Solana is trading near $105 after rebounding from its summer lows, while a long-term chart breakout, rising derivatives activity and concentrated liquidity above the market are giving bulls a clearer path to watch. The immediate question is whether SOL can extend the recovery toward $150-$170 before the larger $280 resistance zone becomes relevant.
Solana Breakout Strengthens the Case for a $170 Target
Solana’s weekly chart shows price emerging from a long contraction that developed between a rising multiyear support line and descending resistance from the 2025 highs. The latest rebound has pushed SOL back above the falling trendline, improving the broader technical structure.
Solana SOL Weekly Breakout Toward $170. Source: Don (@DonWedge) on X
The chart, shared by trader Don, highlights $170 as the next major bullish objective and roughly $280 as a longer-term resistance target. Don summarized his view by saying SOL “wants $170,” reflecting a bullish interpretation of the breakout.
SOL was trading around $105.56 at the time of writing, up about 0.8% over 24 hours, according to CoinMarketCap. That leaves the $170 target roughly 61% above the current market price, meaning substantial confirmation would still be required before that level comes into play.
Momentum is improving. The weekly relative strength index shown on the chart has climbed to about 60, comfortably above the neutral 50 level without yet reaching the traditional overbought area above 70.
The bullish structure remains intact while SOL holds above the recently broken descending resistance and the rising long-term trendline. A move back below that breakout region would weaken the setup and raise the risk of another period of consolidation.
Solana Liquidation Heatmap Points to $145-$150 Liquidity
Derivatives positioning adds an interesting layer to the price setup. The liquidation heatmap shows a particularly dense concentration of liquidity around $145-$150, above SOL’s current price.
Solana Liquidation Heatmap Near $150. Source: CoinGlass./X
That zone matters because large liquidation concentrations can produce sharper price reactions when reached. They are not guaranteed targets, but they can become areas of interest as leveraged positions are forced to close.
Above $150, the heatmap shows further liquidity around $180-$200 and a substantial concentration closer to $240-$250. Those areas broadly fit the chart’s longer-term bullish structure, although SOL would need to clear each intermediate resistance zone before $280 becomes a realistic technical objective.
On the downside, notable liquidity remains around $60-$70. A major reversal below the current breakout structure would therefore change the bullish interpretation considerably.
Rising Solana Open Interest Raises the Stakes
Solana derivatives traders are also rebuilding exposure after a substantial reduction in leverage earlier in the cycle.
Solana Open Interest Rebounds With SOL Price. Source: CoinGlass
The open-interest chart shows outstanding Solana derivatives positions rising back toward roughly $6 billion-$7 billion after spending much of the recent period closer to the $4 billion-$5 billion region. Open interest remains far below its previous peak near $17 billion.
Increasing open interest alongside a rising SOL price can indicate fresh participation in the move. It does not automatically confirm bullish demand, however, because open interest includes both long and short positions. Higher leverage can also amplify volatility in either direction.
For the Solana price prediction, $145-$150 is now the first major upside area to watch. A convincing break through that liquidity and resistance zone would make Don’s $170 target more credible, while sustained strength beyond $170 could eventually shift attention toward the chart’s much larger $280 objective.
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