The post Solana Nears $144 Resistance in Accumulation Zone, Signaling Potential Upside appeared on BitcoinEthereumNews.com.

Solana (SOL) is currently trading in a broad accumulation phase below a key descending trendline, approaching a resistance confluence near $144 amid rising institutional inflows and network activity. This setup signals potential for a bullish breakout if the trendline is breached, offering traders opportunities to accumulate. SOL maintains position within a wide accumulation zone, testing upper boundaries repeatedly under pressure from the descending trendline. Price nears critical resistance at $144, supported by steady demand and higher lows forming a constructive market structure. Recent data shows 5.78% daily gains, pushing market cap to $77.78 billion, though trading volume dipped 23.15% to $5.14 billion. Solana price analysis reveals accumulation below descending trendline as resistance at $144 looms. Explore key levels, institutional inflows, and breakout potential in this SOL update. Stay informed on crypto trends today. What Is Solana’s Current Market Position in Its Accumulation Phase? Solana (SOL) is navigating a broad accumulation phase, consolidating within a defined range while remaining below a prominent descending trendline that connects prior lower highs. This pattern indicates building demand as buyers defend higher lows, positioning the asset for potential upward momentum if resistance is overcome. As of the latest data, SOL trades at $138.45, reflecting a 5.78% increase over the past day. How Does the Descending Trendline Impact Solana’s Price Action? The descending trendline acts as a significant overhead barrier, capping Solana’s upside as it intersects with the upper boundary of the accumulation zone near $144. Analysts, including those from on-chain metrics platforms, observe that this confluence has led to repeated rejections, yet volume patterns show increasing participation from buyers during pullbacks. Network activity metrics highlight over 3.6 million in daily application revenue, underscoring robust ecosystem growth that could fuel a reversal. Institutional interest further bolsters this, with Solana ETFs seeing $16.6 million in fresh inflows,…

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Filed under: News - @ December 13, 2025 6:24 am