- Bollinger Bands’ squeezing signals Solana’s potential major price move.
- SOL trading below the weekly VWAP and testing the VAL zone.
A Bollinger Band squeeze on Solana [SOL] at the 4-hour timeframe revealed an imminent breakout pattern. The price area remained stationary between $146 and $150 at $147.52 per unit.
The tight price range emerged after SOL experienced a strong upward movement from $136 until it reached $157.
Constricting bands signaled that volatility would decelerate as a strong price move approached. Naturally, a break above $150 could drive SOL back to the $156–$158 zone.
However, a failure to hold support may drag it down to $142 — or even $138 if momentum fades further.
Source: X
The Bollinger Band resistance at $148 pushed the price further downward. Currently, a bullish fundamental shift appears likely, although traders should exercise caution.
This setup highlighted an important threshold, as traders anticipated either a bullish or bearish movement in the upcoming trading period, accompanied by increased market activity.
SOL analysis by volume and EMA indicators
Meanwhile, Solana held close to $147.23, staying range-bound between the VWAP at $148.07 and VAL support from $146.34 to $146.62.
The price remained below the weekly VWAP, which showed the inability of SOL to reclaim its value. Price data displayed close distribution, which corresponded to minimal risk in the market.
This confirmed that repeated rejection above $148.5 suggested seller aggression. The minimal strength of SOL buyers became evident through a weak CVD combined with an OI Delta.
Source: TradingView
If SOL can push above $148.07 and hold, it may climb toward $148.80, targeting a 7-day VWAP zone of $150–$150.5. In that case, traders could consider placing stop-losses at $146.7.
On the flip side, rejection below VWAP and VAL could push SOL toward $146 — or even $144.5 if $148.3 remains unbroken.
This configuration confirmed essential price levels where the market would determine future short-run movements.
Leveraged positions on monthly lookback period
On top of that, a high concentration of leveraged positions worth over $1 billion clustered between $142–$144, per Hyblock Capital.
This indicated that these price zones acted as an attractive destination for traders. Price might reverse at the resistance zone, which spanned from $150-$158 on the upside and $140-$146 below the price.
Source: Hyblock Capital
In fact, the $144 level could trigger long liquidations if Solana approached it because of strong liquidity activities.
Alternatively, the market could generate upward momentum from $150 resistance up to $152 if SOL manages to break through $148.
Historically, price spends most of its time at densely liquid zones, so these areas become strategic points between bull and bear forces.
