Solana continues to respect the $130 support while repeated rejections appear near the $145 resistance zone.
Falling trading volume reflects reduced speculative activity and limited short-term conviction.
A notable TVL decline aligns with slower DeFi and memecoin participation across the network.
Solana remains locked in a consolidation phase as price action shows balance rather than momentum. Market structure suggests compression is ongoing, with traders favoring confirmation over anticipation. Broader crypto conditions reinforce a cautious and methodical approach.
Range-Bound Trading Defines Current Structure
Recent commentary from CryptoPulse notes that Solana has chopped sideways for several weeks. Price action has largely remained confined between $130 and $145. This behavior reflects equilibrium rather than directional dominance.
Source: X
The $130 zone continues to attract responsive buying interest. Brief dips below this area have been short-lived, indicating absorption instead of continuation. As long as daily closes hold above this level, the range structure remains valid.
On the upside, the $145 region persists as a supply ceiling. Multiple attempts to reclaim this level have failed. These repeated rejections have compressed volatility further, reinforcing the sideways environment.
Volume Decline Reinforces Market Caution
At the time of writing, Solana traded near $132.39, recording a modest daily increase. Intraday price movement showed a brief rally followed by orderly pullbacks. This pattern reflects profit-taking rather than distribution.
Trading volume dropped sharply over the same period. Reduced volume alongside stable pricing often signals trader hesitation. Participants appear unwilling to commit aggressively without a clear technical break.
Market capitalization remains near $74.39 billion, confirming Solana’s large-cap positioning. Circulating supply metrics show limited remaining issuance. These factors keep attention focused on demand strength rather than dilution risk.
On-Chain Metrics Signal Cooling Activity
A reported $10 billion decline in total value locked points to reduced on-chain engagement. TVL often tracks capital commitment across decentralized protocols. Its contraction suggests a temporary cooling phase.
Lower memecoin activity has contributed to reduced transaction volumes. These tokens previously acted as liquidity drivers on the network. Their slowdown removed a short-term speculative catalyst.
Derivatives data also reflects caution, with lower leverage participation noted. Reduced risk appetite limits momentum and keeps price action contained. This environment supports continued consolidation until participation improves.
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