Solana briefly pushed into the $144–$145 zone before losing momentum and slipping back below $140, according to the latest 4-hour TradingView data.
The rejection came quickly, reinforcing $145 as a technically significant resistance level that sellers continue to defend.
Price Action Shows Rejection at a Key Level
Looking in the recent price action, SOL accelerated sharply into resistance, printed a local high near $144, and then reversed. The move lacked sustained follow-through, with volume failing to expand meaningfully after the initial push. That behavior often signals short-term exhaustion rather than a clean breakout.
The structure over the past several sessions shows higher volatility but limited progress. Each upside attempt toward the $145 area has been met with selling pressure, keeping price compressed beneath resistance. As long as SOL remains below this zone, upside continuation remains conditional rather than confirmed.
Network Growth Divergence Raises Caution
On-chain data adds an important layer to the setup. Metrics from Santiment show a sharp slowdown in Solana’s network growth. Weekly wallet creation has dropped significantly, from roughly 30.2 million in November 2024 to about 7.3 million now.
Historically, Solana’s strongest rallies have aligned with expanding network activity, not contracting participation. Earlier periods on the chart highlight this clearly: surges in new wallets coincided with sustained upside, while falling growth often preceded corrective or range-bound phases.
The current divergence, price attempting to break higher while network growth continues to decline, suggests weaker underlying demand than during prior rallies.
What the Setup Implies From Here
As long as SOL holds above the mid-$130s, the broader structure avoids immediate breakdown risk. However, without a rebound in network growth, repeated tests of $145 may continue to fail. A decisive break above resistance would likely require renewed on-chain expansion alongside stronger volume confirmation.
If network activity remains subdued, probabilities tilt toward continued consolidation or a pullback to rebuild demand before another serious breakout attempt. For now, $145 remains the line that separates momentum from hesitation, and the data suggests Solana still needs stronger fundamentals to cross it convincingly.
