Sol, the original symbol of Solana Blockchain, appears to have a significantly low market morale after a significant decrease in prices during the past few days. On April 4, 2025, after the Treasury Secretary Scott Bessin statement, “Bitcoin has become a valuable store”, the total encryption market showed a great impressive gathering.
Current price momentum
Amid this, Sol has recorded a price increase to more than 8 % over the past 24 hours and is currently trading near $ 123. During the same period, the trading volume decreased by 9 %; However, it appears to be recovering as the market continues to maintain the bullish gathering after BESSENT statement.
This upscale momentum was recorded when the Sol price was re -testing the decisive support level of $ 114.
Solana (Sol) and the next levels
According to expert technical analysis, Sol appears to be an ascending pattern of double prices in the daily time frame. However, the style has not yet been completed, as the daily graph is currently displayed one leg with two bottoms at the main horizontal support level of $ 114.
In addition to the upper price movement, the Sol Daily scheme also a bullish difference, indicating that the original is ready for a huge march.
Based on the last basic procedure and historical momentum, if the Sol price remains higher than the level of $ 114, there is a strong possibility that can rise by 18 % to reach the level of $ 144.5 – or even higher in the future.
Main liquidation levels
This shift in feelings and the strength of Sol Al -Soli momentum puts $ 11.5 million in short centers at risk of liquidation, as stated by the Analysis Company on the series Coinglass.
The data reveals that traders are excessive in its effect, as the main levels are 121.3 dollars on the underside and 124.1 dollars on the upper side, carrying $ 31.45 million and $ 11.50 million in long and short positions, respectively.
While examining the scales on the chain, the bulls appear to have returned and currently dominated the original.
