As per Insidebitcoins, the Solana price has surged 4% in the last 24 hours, reaching $138 amid a 40% increase in daily trading volume to $6.5 billion. Blockchain analytics firm Glassnode warns that Solana’s liquidity has contracted to levels typically seen in deep bear markets, with realized losses now exceeding realized profits. This low liquidity suggests that even small trades could cause sharp price movements, increasing short-term volatility. The on-chain liquidity index has dropped to zero, marking another reset phase similar to previous cycles in March, June, and November. If historical patterns repeat, the next move will depend on how quickly liquidity returns to the network. The SOLUSDT trading pair is near a key support zone around $130–$140, which has historically acted as a strong demand area. A descending wedge pattern is forming on the chart, signaling a potential bullish reversal if the price breaks above the wedge’s upper trendline. The RSI near 38 indicates that selling pressure may be easing, suggesting the price could be preparing for a rebound.
Solana Price Rises 4% Amid Deep Bear Market Liquidity Warnings
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