Solana Clings to $138 Support as On-Chain Data Signals Mounting Liquidity Pressure

Jakarta, Pintu News – Solana (SOL) is showing early signs of a possible price recovery, but on-chain data indicates tighter liquidity and increased realized losses for SOL holders.

Currently, SOL is still moving within a certain price range. The question is, how will SOL be able to withstand a deeper price drop.

Solana’s Liquidity Pressure Increases

According to analytics platform Glassnode, Solana’s (SOL) liquidity position appears to be weakening further. The Realized Profit-to-Loss ratio (30-day SMA), which measures the ratio between realized profits and losses, has remained below 1 since mid-November.

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This shows that in recent times, positions closed at a loss have been more frequent than those closed at a profit. This situation reflects declining liquidity and market activity – phenomena that usually appear in deeper bearish phases.

While not yet signaling a long-term downward trend, it does indicate a weakening of market confidence. As the number of market participants who manage to lock in profits decreases, price momentum slows down, making SOLs more vulnerable to sharp price spikes or drops.

Solana Approaches Critical Support Zone

Adding to this analysis angle, leading analyst More Crypto Online also noted that Solana is undergoing a deeper-than-expected price correction, which makes its price movement likely to flatten out.

Based on thewave structure analysis, the next support level in the wave B scenario is expected to be in the range of $134.37 to $138.12.

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As of December 10, SOL’s price stands at $139.15, supported by a 24-hour trading volume of $12.80 billion and a market capitalization of $77.49 billion. SOL’s price has risen by 4.79% in the last 24 hours, suggesting that buying interest is slowly starting to return after recent market pressure.

The current price region is very important in determining the direction of SOL’s next move. If the price is able to hold above the support range, there is a chance for SOL to attempt a new breakout. However, if the price drops further, the crypto market is likely to experience a deeper correction before recovering.

Despite the recent volatility, Solana remains one of the most monitored assets in the crypto market, thanks to the rapid development in its ecosystem and the ever-increasing number of developers.

The next few days will be important as the price dynamics in this support area will determine the direction of SOL movement in the near future.

For now, the market is waiting in anticipation to see if Solana can sustain prices above this critical level and regain momentum after several weeks of liquidity pressure.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. Solana Holds $138 Support While On-Chain Data Reveals Tightening Liquidity. Accessed on December 11, 2025