Key Price Levels to Watch for Solana (SOL) Today

Solana's surge is catching the eye of savvy investors. The recent rally has piqued institutional investors' interest, with a leveraged position of 12.65 million opened.

Written by Charles Ledoux

Translated on July 11, 2025 at 10:19 by Marie

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Solana’s Rise Attracts Attention from Savvy Investors

The recent Solana rally has sparked renewed interest from institutional investors, with trader vladilena.eth opening a leveraged position worth $12.65 million. This operation coincides with a bullish breakout from a key technical pattern, suggesting potential further gains.

Data indicates that liquidity levels around $169 and $176 are being particularly monitored by traders. A smooth breakthrough of the resistance at $180 could trigger a new wave of buying, while a drop below $153 risks shattering overleveraged long positions.

SOL liquidation chart — Source: Coinglass

However, declining transaction volume raises questions about the strength of the current rally.

Favorable Technical Setup, but Obstacles to Overcome

Additionally, SOL is now facing its 200-day moving average. As SOL approaches the $180 resistance zone, caution is warranted for a potential short-term correction.

$SOL wake up and smell the Cup and Handle of Coffee.#Solana has a huge cup and handle on the weekly tf, with a target of $8.2k for #Solana #solana #crypto #sol #bitcoin #cryptocurrency #nft #longsol #shortsol #longsolana pic.twitter.com/iA9lKDvS5p
— Krypto Voodoo Priest of Pi 🔻🔻🔻 (@kryptograph3r) July 7, 2025

Solana has broken out of the handle of a “cup and handle” pattern, a traditional signal of a sustainable bullish trend. Nevertheless, weak volume and critical liquidation zones could create short-term volatility. Investors will closely monitor SOL’s behavior around these thresholds to confirm the strength of the movement.

Although technical signals and institutional capital inflows are favorable, Solana will need to overcome obstacles related to liquidation levels and lack of volume to initiate a new phase of sustainable growth. The coming sessions will be decisive in defining SOL’s short-term trajectory.

To invest in Solana on BitMart right now, here’s a practical guide in a few steps :

Create an account
Go to the official BitMart website, click “Sign Up,” enter a valid email and secure password, then validate through the link.
Verify your identity
Log in, access “Identity Verification,” submit an ID and proof of address.
Add funds
In “Wallet” > “Deposit,” choose USDT, transfer from a wallet or deposit via card.
Buy the token
Go to “Spot Markets,” search for SOL/USDT, choose an order, confirm.

Buy SOL with ease on BitMart !

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

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