Solana has climbed nearly 5% in the past 24 hours, trading around the $138 level, reigniting speculation that SOL could be preparing for a strong bullish continuation of up to 50%. This move comes as the broader cryptocurrency market advanced by over 2%, supported by institutional inflows and improving technical sentiment.
Market confidence around Solana has also been reinforced by recent ecosystem developments. Coinbase has integrated Solana-based tokens into its decentralized exchange offering, while Hex Trust and LayerZero have launched Wrapped XRP (wXRP) on the Solana blockchain. These developments have strengthened expectations of increased network activity and potential upside pressure on price.
Consolidation Phase Signals Possible Breakout
Solana price action suggests the asset remains in an accumulation phase, trading just below a key descending trendline. Over the past several sessions, SOL has moved within a narrow range, indicating consolidation rather than exhaustion. Analysts note that a decisive break above this trendline could trigger a sharp upward move.
If buyers manage to reclaim higher levels, technical projections indicate that a rally of up to 50% could unfold. As a result, many traders are closely monitoring price behavior for confirmation of a breakout, viewing the current phase as a potential opportunity to build positions.
Strong Inflows Support Market Momentum
Investment products linked to Solana have recorded notable inflows, highlighting growing institutional interest. Daily net inflows reached $11.02 million, bringing total inflows to $672.48 million. Bitwise’s BSOL led the market with inflows of $4.44 million and a premium of 0.83%.
Grayscale’s GSOL also posted positive inflows of $2.59 million, while Fidelity’s FSOL attracted $3.56 million with a premium of 0.70%. VanEck’s FSOL recorded inflows of approximately $437,000, further supporting the constructive outlook for Solana.
Can SOL Break the $140 Resistance?
As of December 12, 2025, SOL remains locked below the $140 resistance zone, a level that has repeatedly capped recent price advances. Over the last few days, price has fluctuated between $130 and $138, with short-lived spikes failing to establish a clear breakout.
Momentum indicators remain mixed. The MACD is hovering just above its signal line, reflecting limited directional strength, while the Chaikin Money Flow stands at 0.03, indicating mild but positive capital inflows. This combination suggests that upward movement is possible if buying pressure increases.
From a longer-term perspective, a successful push above $140 could open the door for a move toward $150 and beyond. However, failure to hold above $130 may expose SOL to a deeper pullback, with the next key support zone located near $120.
