Solana Price Breakout Points to $170 Target, Traders Eye Liquidity at $145-$150

Solana's price has been on an upward trend after rebounding from its summer lows, and traders are now looking at potential targets for further growth.

The weekly chart shows Solana emerging from a long contraction between a rising multiyear support line and descending resistance from the 2025 highs. The recent rebound has pushed SOL back above the falling trendline, improving the broader technical structure.

According to trader Don, who shared his view on X, the next major bullish objective is around $170, with roughly $280 as a longer-term resistance target. He summarized his view by saying 'SOL wants $170,' reflecting a bullish interpretation of the breakout.

The momentum is improving, with the weekly relative strength index climbing to about 60, comfortably above the neutral 50 level without yet reaching the traditional overbought area above 70.

A move back below the recently broken descending resistance and the rising long-term trendline would weaken the setup and raise the risk of another period of consolidation. The liquidation heatmap shows a particularly dense concentration of liquidity around $145-$150, which could become an area of interest as leveraged positions are forced to close.

The Solana open-interest chart shows outstanding derivatives positions rising back toward roughly $6 billion-$7 billion after spending much of the recent period closer to the $4 billion-$5 billion region. This increase in open interest alongside a rising SOL price can indicate fresh participation in the move, but does not automatically confirm bullish demand.