Solana's (SOL) Strength Quietly Building, With Steady Weekly Trends and Strong Chart Setups

After a major rally of almost 25% by Solana in April is gaining attention. A new chart shared by CryptoCurb is turning heads, showing a clear correlation

Solana’s price has been closely following global liquidity trends, and this correlation could be a key factor to watch in the coming weeks. As shared by CryptoCurb, data from GMI’s Total Liquidity Index with a 12-week lead reveals how closely SOL has historically responded to broader liquidity cycles.

Solana's price tracks closely with global liquidity cycles, highlighting a key macro correlation. Source: CryptoCurb via X

This isn't to say that Solana is guaranteed to rally, but the timing is interesting. Solana has already been showing strong relative strength among Layer 1s, and this liquidity tailwind could give bulls another reason to push higher.

As always, it's best to keep an eye on broader macro trends because when liquidity starts flowing, assets like SOL tend to respond quickly.

Solana May Be Entering a Phase Where Strong Technical Setups Start to Matter Again

With global liquidity turning upward, Solana may be entering a phase where strong technical setups start to matter again, and one is already taking shape. Analyst MartyParty highlights a clear bullish pennant breakout on the daily chart, with a projected target near $212.

Solana breaks out of a bullish pennant, eyeing a $212 target as momentum builds. Source: MartyParty via X

This kind of formation, typically seen as a continuation pattern, suggests that the upward trend is ready to resume after a healthy consolidation phase. Volume has also started to pick up, and price structure shows SOL grinding higher with higher lows, indicating growing buyer interest. The $175 to $180 zone remains key in the short term—a solid hold above this range could open the door for a move toward that $212 target.

Solana Liquidations Spike As Price Tests Key Zone

Solana’s price movements are heating up, and so is liquidation activity. As the cryptocurrency tested the $172 to $174 zone, bankیونیکس saw a rapid buildup of high-leverage positions, both long and short, according to the 12-hour liquidation heatmap from CoinGlass.

Solana faces growing liquidation pressure as price tests key $172-$174 zone, potentially fueling volatility. Source: Jesse Peralta via X

These kinds of clusters tend to act like a magnet, and once price enters these zones, volatility usually follows. As noted by crypto analyst Jesse Peralta, Solana’s push into this range may trigger further liquidations before momentum continues. It also ties back to the recent bullish pennant breakout, with price still eyeing the $212 target as outlined in earlier Solana price prediction.

Solana: Weekly Strength Despite Market Weakness

While many altcoins have shown immense weakness over the last several months, Solana has quietly maintained its weekly bullish trend for six straight months, a rare show of strength. Crypto analyst Nebraskangooner highlights how SOL has kept buyers in control even as other names struggled.

Solana maintains a strong weekly bullish trend for six months, showing resilience even amid broader market weakness. Source: Nebraskangooner via X

What makes this interesting is the way SOL keeps bouncing back at key levels like $175. It’s not just about big moves; it’s about how the price behaves over time. If this strength keeps up, we might see continuation setups emerge, and that’s something the Solana community could be interested in.