In spot markets, CoinMarketCap data shows SOL price trading near $144.88, up about 1.87% over 24 hours. The price sat close to the $145 level that many traders treat as a near-term pivot because it has attracted selling during recent rallies.
SOL derivatives data also pointed to higher positioning. According to CoinGlass data, Solana open interest reached $8.67 billion alongside roughly $19.62 billion in 24-hour futures volume. Rising open interest can signal new leverage entries, which can magnify price movement if traders unwind positions quickly.
Market analysis pointed to the 100-day EMA near $148.99 as an overhead level to watch, with a higher long-term reference near the 200-day EMA around $160.40. The shorter-term support sits around the mid-$130s based on the recent trendline and moving-average levels.
If SOL moves above $145 and holds, traders may focus on the next resistance near $150. A rejection could keep the price range bound in January.
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