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Solana’s price action is flashing warning signs as bearish pressure intensifies, threatening to push the asset below the critical $125 support level. Despite previous recovery attempts, sellers remain dominant, preventing any meaningful upside momentum.  If SOL fails to hold this key support, it could trigger a wave of panic selling, accelerating losses and exposing the price to deeper declines. With market sentiment hanging in the balance, all eyes are on whether bulls can stage a defense or if bears will finally break through, setting the stage for further downside. Solana Ongoing Bearish Trend In Focus The Solana price chart is currently displaying a bearish triangle formation, signaling a continuation of the downward trend. Initially, SOL attempted to break out above the upper boundary of the triangle, but the breakout lacked strong bullish momentum, leading to a swift rejection. This failure to sustain an upward move pushed the asset back toward the lower boundary of the triangle, where the $118 support level now comes into focus. Related Reading: Solana (SOL) Holds Steady After Decline—Breakout or More Downside? With continued selling pressure, Solana could face an extended bearish move, breaking below its current key support level and accelerating its decline. A confirmed breakdown beneath the bearish triangle would lead to a drop toward $118, the first major support zone. However, if the bearish momentum intensifies, this level may not hold. Below $118, the next significant support lies at $99, where some buyers could attempt to slow the decline. Should this level fail to provide stability, SOL could slide toward $79, a crucial psychological and technical support zone.  Continued weakness in market sentiment may push the price even lower, with $58 coming into play. For now, bulls must step in to defend these levels, or Solana risks an extended bearish phase. Can $118 Spark Up Bullish Again The $118 support level has emerged as a critical zone for SOL, with many traders watching closely to see if it can trigger a bullish turnaround. Historically, this level has acted as a strong demand zone, where buyers stepped in to absorb selling pressure and push prices higher. If similar market behavior plays out, SOL could see a rebound from this point. Related Reading: Solana Bears Eye $113 Target If Ascending Structure Breaks Down – Details According to CURB, in an X post on March 15, he forecasted that Solana’s price eyes decline to the $118 support level before experiencing a potential rebound. He believes that strong demand in this zone could trigger a significant price surge to the $1,000 mark in the long run. Fundamental factors, such as positive news on Solana’s ecosystem, increased network adoption, or improved overall market sentiment, could also act as catalysts for a price recovery. A surge in buying volume, particularly from whales and institutional investors, is likely to provide the momentum needed to shift market sentiment. Featured image from Adobe Stock, chart from Tradingview.com

Solana started a fresh decline below the $132 support zone. SOL price is now consolidating and might struggle to recover above the $126 resistance. SOL price started a recovery wave from the $122 support zone against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key rising channel forming with support at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $126 zone. Solana Price Faces Resistance Solana price started a fresh decline below the $135 and $132 levels, like Bitcoin and Ethereum. SOL even declined below the $125 support level before the bulls appeared. A low was formed at $122.64 and the price recently started a consolidation phase. There was a minor increase above the $125 level. The price tested the 23.6% Fib retracement level of the downward move from the $140 swing high to the $122 low. Solana is now trading below $126 and the 100-hourly simple moving average. There is also a key rising channel forming with support at $124 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $126 level. The next major resistance is near the $128 level. The main resistance could be $132 or the 50% Fib retracement level of the downward move from the $140 swing high to the $122 low. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $136. Any more gains might send the price toward the $142 level. Another Decline in SOL? If SOL fails to rise above the $128 resistance, it could start another decline. Initial support on the downside is near the $124 zone. The first major support is near the $122 level. A break below the $122 level might send the price toward the $115 zone. If there is a close below the $115 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $124 and $122. Major Resistance Levels – $128 and $132.

Solana (SOL) is currently holding above the $125 mark, a level that has acted as support in recent weeks. While this may appear a sign of strength, the broader sentiment around SOL remains cautious. Analysts are warning that the latest surge in price could be nothing more than a bull trap, setting the stage for further downside. Despite the recent bounce, price action continues to show weakness, with lower highs forming on multiple timeframes — a classic sign of bearish continuation. Related Reading: XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish – Analyst The overall crypto market remains under pressure, and many investors fear that a deeper bear market could be unfolding. Macroeconomic uncertainty, combined with rising risk-off sentiment, has added to the concern. As a result, confidence among retail and institutional investors is fragile. Some are exiting positions, while others are choosing to hold through the volatility, sitting on unrealized losses in hopes of a long-term recovery. With SOL struggling to establish clear momentum, analysts believe the path of least resistance remains to the downside unless bulls can reclaim higher levels with strong volume. A failure to maintain the $150 level could confirm bearish continuation and open the door for a move toward lower support zones. Until buyers return with conviction, Solana remains in a precarious position — caught between the fading momentum of a short-lived rally and the growing weight of market uncertainty. The coming days will be crucial in determining whether SOL can recover or if more pain lies ahead. Solana Key Test As Bearish Sentiment Grows Solana price action shows signs of weakness as bulls struggle to build momentum. The recent market surge brought temporary relief to altcoins, but many analysts warn it may have been a bull trap — a short-lived rally within a larger downtrend. With volatility rising again, Solana is now facing a critical test that could define its short-term direction. Investor sentiment remains divided. Some fear a deeper bear market is on the horizon, pointing to macroeconomic instability, rising interest rates, and broader risk-off sentiment. Others continue to hold through unrealized losses, hoping for a long-term recovery despite mounting uncertainty. As SOL trades in this fragile zone, conviction remains low, and every move is being closely watched. Runefelt highlighted a significant technical risk: if Solana’s current ascending support fails, the token could drop to as low as $113. This support line has so far held up against sell pressure, but repeated tests without a clear bounce raise the risk of a breakdown. A drop to $113 would mark a major correction and erase much of the gains made earlier in the year. Until bulls can reclaim higher resistance levels and confirm a breakout, the dominant trend remains bearish. Analysts are warning that unless Solana can hold its current structure, the next leg down could come quickly. With the market on edge and momentum fading, Solana’s price action over the coming days will be crucial in determining whether the asset can stabilize — or if further declines are ahead. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally – Details Bulls Aim To Reclaim Momentum Solana (SOL) is trading at $128 after two consecutive days of selling pressure, which erased a portion of its recent gains and pushed the asset back below key resistance levels. The market’s sudden shift in sentiment has left bulls on the defensive, with price action weakening across the board. For SOL to regain momentum and confirm a bullish reversal, reclaiming the $180 level in the coming days is essential. The $180 zone has acted as a significant resistance point during previous rallies, and a decisive move above it would likely trigger renewed buying interest and open the door to a broader recovery. Without this breakout, however, the outlook remains fragile. If bulls fail to push prices higher and reclaim critical levels, Solana risks falling deeper into bearish territory. Continued weakness could lead to another leg down, as traders eye lower support zones and brace for a potential bearish surge. Related Reading: Ethereum Fails To Break $2,100 Resistance – Growing Downside Risk? Market conditions remain volatile, and macro uncertainty continues to weigh heavily on risk assets. For now, SOL’s short-term future hinges on whether buyers can step in soon and drive a move back above the $150–$180 range to avoid a steeper decline. Featured image from Dall-E, chart from TradingView 

Solana (SOL) is attempting to reclaim a key support level amid the recent market recovery, with bullish sentiment seemingly returning to the Altcoin. Some analysts suggested that its momentum could propel the cryptocurrency to the next crucial resistance. Related Reading: Analyst Says Bitcoin (BTC) Could See A 14% Price Jump If This Level Is Reclaimed Solana Sentiment Hits Positive Levels Again Over the past few days, Solana has seen a bullish recovery from last week’s lows, surging 14% from the $121 support. The market’s recovery has propelled the token above the $145 barrier earlier this week, after printing five consecutive green daily candles. Amid this week’s surge, on-chain analytics platform Santiment highlighted that Solana’s social sentiment has seen a massive surge to historic highs fueled by institutional interest, technological advantages, community support, and influencer engagement. “With news of institutions like GameStop and BlackRock are integrating Bitcoin and launching yield-bearing tokenized treasury funds on Solana, crypto’s #5 market cap asset is seeing an astounding level of bullish sentiment pouring in on social media,” explained Santiment’s Director of Marketing, Brian Quinlivan. Per the post, social media posts reflect optimism for SOL’s price recovery and a bullish outlook on the broader crypto market. Notably, Solana registers a “nearly unheard of positive vs. negative commentary ratio of 18:1 right now.” Just a month ago, the SOL’s sentiment hit its lowest level in a year. According to analyst Miles Deutscher, the sentiment has not been at those levels since Solana reclaimed the $100 barrier in early 2024. It’s worth noting that market sentiment significantly shifted following the collapse of the memecoin frenzy, which fueled SOL’s rally throughout last year. After the TRUMP and MELANIA memecoin launches and the LIBRA token controversy, several community members expressed increasing fatigue from the numerous scams. Subsequently, the cryptocurrency’s price dropped over 50% from its January all-time high (ATH), losing the $200 support zone and hitting a yearly low of $111 earlier this month. SOL Gearing Up For Next Big Resistance Various market watchers noted Solana’s recent performance, underscoring the reclaim of the $136 level on Monday. This level has been a significant resistance for the past two weeks and has also served as a key breakout level during the Q1 and Q4 2024 breakouts. Analyst Jelle considers there’s “a lot of ground to cover” despite the “solid reclaim” of the 2024 range lows. Meanwhile, another market watcher pointed out that Solana broke out an ascending triangle pattern after the price surge. Related Reading: SUI Reclaims Key $2.40 Support Amid Breakout – Is A New High Coming? After attempting to reclaim the $140 mark this morning, SOL is currently retesting the recently recovered support, hovering between the $136-$139 price range. A successful breakout confirmation could impulse Solana’s rally toward the next big barrier, at $180. According to Ether Wizz, SOL is “fully ready for its next B I G move.” Once the next crucial resistance is broken, the “next leg up will take us towards $270. Many people are still not ready for this move,” the analyst concluded. As of this writing, Solana trades at $138, a 2% surge in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana (SOL) is showing early signs of recovery after enduring several days of selling pressure and heightened volatility. The altcoin is now trading above the $135 mark, a psychological level that bulls have managed to defend in recent sessions. While this move offers some relief to investors, Solana still has work to do before confirming a sustained uptrend. The broader market remains cautious, and SOL must reclaim key technical levels to strengthen the case for a full recovery rally. Related Reading: Ethereum Accumulation Is Almost Over – Breakout Above $2,200 Could Trigger Expansion Phase Adding to the optimism, top analyst Big Cheds highlighted a notable technical signal: Solana has tagged the upper Bollinger Band (BB) on the daily chart for the first time since it traded in the $270 range. This rare occurrence suggests that momentum is slowly shifting in favor of the bulls, though confirmation is still pending. The upper BB tag is often seen as an early indicator of building strength, especially when supported by increasing volume and follow-through in price action. For now, investors are watching closely to see if Solana can hold above $135 and push toward resistance levels that could confirm a trend reversal. Until then, the recovery remains tentative — but the signal from Big Cheds adds an encouraging twist. Solana Struggles Below $150 Solana (SOL) is now at a critical junction as it pushes to set new local highs just below the $150 level. While this upward move has brought temporary relief, analysts warn that the latest price surge could be nothing more than a bull trap. Related Reading: Dogecoin Breaks Above Bullish Daily Pattern – Analyst Sees A Surge To $0.43 Many are calling for a continuation of the broader downtrend, citing weak market sentiment and the possibility of deeper corrections across altcoins. The fear of an incoming bear market is growing among investors, with some choosing to exit positions, while others hold through unrealized losses in hopes of a future recovery. Ched’s analysis highlights that Solana has tagged the upper Bollinger Band on the daily chart — a signal not seen since the $270 range. This technical indicator could suggest that bullish momentum is building, possibly marking the start of a recovery rally. While confirmation is still needed, the tag hints at a shift in sentiment as bulls try to regain control. Currently, Solana remains 51% down from its January all-time high, highlighting the steep correction it has suffered in just a few months. Speculation, increased volatility, and heavy sell pressure have defined recent price action, leaving traders unsure about the next direction. However, a key technical development could shift the narrative. Price Action Details: Key Resistance Looms Solana (SOL) is currently trading at $144, with bulls facing strong resistance at the critical $150 level. Despite recent attempts to push higher, momentum remains weak, and buyers have yet to establish a clear breakout. The $150 mark is proving to be a psychological barrier, and failure to break through could signal more downside in the short term. However, the more decisive level to reclaim lies between $170 and $180 — a zone that has consistently acted as strong resistance during past rallies. For a true recovery to take shape, SOL must gain traction above this range and turn it into support. Until that happens, the risk of further downside remains elevated. Related Reading: Ondo Finance Eyes Breakout As Price Tests $0.89 Channel Resistance – Analyst If SOL continues to face rejection at $150 in the coming days, a drop below $135 becomes increasingly likely. This would reinforce bearish sentiment and potentially open the door to lower support levels, especially if broader market weakness persists. With price action stuck between key levels and uncertainty still dominating the market, Solana’s next move could set the tone for the weeks ahead. Bulls must act quickly to reclaim critical ground before selling pressure returns in force. Featured image from Dall-E, chart from TradingView 

Solana started a recovery wave above the $132 resistance zone. SOL price is now consolidating and might struggle to recover above the $150 resistance. SOL price started a recovery wave from the $125 support zone against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $142 zone. Solana Price Faces Resistance Solana price started a recovery wave from the $125 zone, like Bitcoin and Ethereum. SOL was able to climb above the $132 and $140 resistance levels. The price even cleared the $142 level, but it faced resistance near $145. A high was formed at $145 and the price started a downside correction. There was a move below the $142 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $125 swing low to the $145 high. Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $162 level. Another Decline in SOL? If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $135 zone and the 50% Fib retracement level of the upward move from the $125 swing low to the $145 high. The first major support is near the $133 level. A break below the $133 level might send the price toward the $125 zone. If there is a close below the $125 support, the price could decline toward the $114 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $135 and $133. Major Resistance Levels – $142 and $145.

Solana (SOL) is back in the spotlight as its price rockets past the $137 level, marking a significant milestone in its ongoing rally. This surge comes amid a wave of renewed optimism in the crypto market, with Solana leading the charge as one of the top-performing assets. Furthermore, breaking through the $137 barrier is no small feat. This level had previously served as a key resistance point, and its breach signals a potential shift in market sentiment. Will this breakout pave the way for a sustained upward trajectory, or is a correction on the horizon as traders lock in profits? Solana Breakthrough: A Closer Look At the $137 Milestone From a technical perspective, the $137 level was a critical psychological barrier that had capped SOL’s price multiple times. Breaking through this resistance required strong buying pressure and positive market sentiment, both of which have been evident in recent weeks. Related Reading: Solana Price Faces Slowdown: Support And Resistance Levels To Keep An Eye On So far, SOL’s upward move has been backed by steady volume growth of over 100%, signaling strong market participation and increasing investor confidence. This surge in trading activity indicates that buyers are actively accumulating, reinforcing the bullish momentum and reducing the likelihood of a premature reversal. Additionally, momentum indicators like the Relative Strength Index (RSI) remain firmly in bullish territory, climbing up to 69%, which signals that the rally still has fuel. With Solana’s RSI now approaching the 70% level, it suggests that buying pressure remains strong, and bulls are in control of the market. For SOL to extend its gains, buying interest must remain strong, and key resistance levels must be cleared with conviction. If demand persists, the rally could continue, but a loss of momentum might lead to a consolidation or short-term retracement Price Targets: Where Could SOL Be Headed Next? With Solana maintaining its position above $137, traders are now looking ahead to potential price targets. If the uptrend continues, the next key resistance level to watch is around $164, a barrier that may determine whether SOL extends its rally. Furthermore, a successful break above this zone could open the door for a move toward $211, where previous price action suggests strong selling interest. Related Reading: Solana Price On The Verge Of A ‘Big Breakout’ — Here’s The Target Beyond $211, SOL targets the $240-$260 range, a crucial area that would mark a significant recovery to its all-time high levels. However, sustained buying pressure and increasing volume are essential for a bullish scenario. On the downside, if Solana faces rejection at $164, a pullback could occur, with $137 acting as a key support zone. A breakdown below the level might shift momentum in favor of the bears, leading to a deeper correction toward the $118–$99 range. Featured image from Adobe Stock, chart from Tradingview.com

The cryptocurrency market seems to be caught in a lull, with most large-cap assets struggling to break out of the choppy market condition at the moment. The Solana price, for instance, appears to be stuck in the $120 – $140 range over the past two weeks. Interestingly, a popular analyst on the social media platform X has come up with an exciting bullish projection for the sixth-largest cryptocurrency. Can SOL Price Reclaim $150 In The Short Term? In a March 22 post on X, a crypto analyst with the pseudonym Satoshi Flipper put forward an interesting short-term analysis of the Solana price. According to the online pundit, the altcoin’s price appears to be on the verge of a breakout with sights on a new higher high. Related Reading: Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch This bullish prediction revolves around the appearance of a symmetrical triangle pattern on the 4-hour timeframe of the Solana price chart. The symmetrical triangle is a technical analysis pattern characterized by a diagonal falling upper trendline (connecting a series of lower highs) and a rising lower trendline (connecting the higher lows). The asset price typically moves in a converging pattern toward the apex of the symmetrical triangle. At the apex, the asset’s price will move to break either the upper trendline (a breakout) or the lower boundary (a breakdown). Depending on whether it is a breakout or breakdown, the symmetrical triangle could signal a continuation or reversal of a trend. Symmetrical triangles tend to be continuation patterns, meaning the price tends to resume its initial trend direction before falling into the triangle formation. However, the direction of the breakout is never certain, as the pattern indicates the indecisiveness of the market at a given moment. According to Satoshi Flipper, the prevailing downward trend of the Solana price is about to witness a reversal and a potential run to the upside. The crypto analyst expects the price of SOL to witness a turnaround if it successfully closes above the upper trendline at $132. In a symmetrical triangle pattern, the price target is calculated by adding the length of the widest point of the triangle (or base) to the breakout point. Based on this logic, investors could see the price of Solana hit as high as $152 (representing an almost 20% surge from the current price point). Solana Price At A Glance As of this writing, the price of SOL is hovering around the $130 mark, reflecting an over 2% jump in the past 24 hours. Related Reading: Ethereum Price Nears Major Resistance At $2,200, Why A 13% Crash Could Follow Featured image from Getty, chart from TradingView

The analytics firm Glassnode has revealed the Solana price levels that could be important to watch, based on on-chain accumulation data. Solana Cost Basis Distribution Reveals Where Supply Is Most Concentrated In a new post on X, Glassnode has discussed about the UTXO Realized Price Distribution (URPD) of Solana. The URPD is an indicator that basically tells us about how much of the SOL supply was purchased at which price levels. Naturally, the metric uses the last transaction price of any token in circulation as its cost basis. Related Reading: Bitcoin Transfer Count Lowest Since 2023—Is This Bearish? First, here is how the URPD looked when the cryptocurrency set its new all-time high (ATH) back in January: From the graph, it’s apparent that a few price levels like $144 stood out in terms of the amount of supply that they hosted. At the price levels closer to the new ATH, however, supply was quite thin, meaning not many coins changed hands there. In on-chain analysis, the potential of any level to act as support or resistance is measured in terms of the amount of supply that it hosts. This means that levels that have a large cluster around them on the URPD are the ones of importance to the asset. As for why this is so, the answer lies in investor psychology: holders are sensitive to retests of their cost basis. Whenever the price touches a large cost basis cluster, the investors who are holding these coins may respond by making some panic moves. These moves can tend toward buying if the retest is happening from above, as investors may want to defend their profit-loss boundary. In retests happening from below, however, the traders could react by selling instead, as they may seek to exit at their break-even. When SOL reached its ATH, there was a lack of support nearby. This may be why the asset ended up falling into the cluster that did carry a significant amount of supply. Below is a chart that shows how the URPD has changed following the price drawdown. From the graph, it’s visible that if SOL continues its downtrend, it may have to end up relying on the freshly grown $112 level. In January, this level hosted the cost basis of 4 million tokens, but today, the figure has grown to 9.7 million, equivalent to 1.67% of the entire supply. Beyond this level, Glassnode notes, “$94, $97, and $100 collectively hold nearly 21M SOL (3.5% of supply).” In the scenario that these support levels fail, Solana may find itself in trouble, as there aren’t any major supply clusters until $53. Related Reading: Dogecoin Shark & Whale Population Rises—Price Turnaround Incoming? In terms of the levels above, the $135 and $144 levels stand out, as they hold the acquisition level of 26.6 million and 27 million coins, respectively. These levels could act as major obstacles in SOL’s recovery. SOL Price Solana has jumped more than 5% over the last 24 hours to recover to the $130 level. Featured image from Shutterstock.com, Glassnode.com, chart from TradingView.com

Solana has been struggling since late January, experiencing a sharp decline alongside the broader crypto market. SOL has lost over 60% of its value, with bulls now fighting to hold onto current price levels. Analysts remain skeptical, calling for a continuation of the downtrend as Solana struggles to reclaim higher levels. Related Reading: Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst Despite the negative sentiment, some investors remain optimistic about a quick and strong recovery in the coming months. They argue that market conditions could shift rapidly, especially if broader economic factors and liquidity conditions improve. On-chain data from Glassnode reveals that Solana faces a major test, as $135 is the most important resistance level according to the UTXO Realized Price Distribution (URPD) indicator. This metric identifies key price levels where large amounts of SOL have previously changed hands, making $135 a critical level for price action. If SOL can break and hold above $135, it could signal a trend reversal and open the door for a potential recovery. However, failure to reclaim this level could result in further downside, reinforcing the bearish outlook. The coming weeks will be crucial for determining Solana’s next major move. Solana Struggles Below Key Resistance as Bears Take Control Solana has been trading under heavy selling pressure, struggling to reclaim key levels after weeks of market uncertainty. Bulls lost control once SOL dropped below the $180 mark, and now speculation about a prolonged bear market is rising. The price remains stuck below key resistance, making a recovery challenging. Top analyst Ali Martinez shared insights on X, revealing that Solana faces a major test at the $135 level, which has been identified as the most important resistance based on the UTXO Realized Price Distribution (URPD) indicator. The URPD indicator is an on-chain metric that tracks the price levels at which coins were last moved. It highlights significant areas of accumulation, showing where investors have previously bought and sold. When many tokens have changed hands at a specific price, that level becomes a critical support or resistance zone. In Solana’s case, $135 represents a level where a large amount of SOL was last transacted. This means that if bulls reclaim $135, it could act as strong support and signal a trend reversal. However, if SOL fails to break above it, bears could reinforce selling pressure, leading to further downside. Related Reading: Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming? Solana Faces Key Support Test at $126 Solana (SOL) is trading at $126 after experiencing massive selling pressure in recent weeks. The price has been in a strong downtrend, failing to reclaim key levels as market-wide uncertainty and volatility continue to drive sentiment. Currently, SOL is sitting at a crucial weekly demand level, which bulls must defend if they want to initiate a recovery or at least establish a consolidation phase around current prices. Holding this support could provide the foundation for a relief rally, but the market remains fragile. If SOL loses the $120 level, selling pressure could intensify, potentially sending the price toward the $100 mark or even lower. A break below this demand zone would indicate further weakness and could trigger panic selling, leading to deeper losses across the altcoin market. Related Reading: 130,000 Ethereum Moved Off Exchanges – Bullish Signal? For any meaningful recovery, bulls need to push SOL above $135 and reclaim $150 to shift momentum in their favor. Until then, downside risks remain high, and traders will closely watch how Solana reacts at this critical support level in the coming days. Featured image from Dall-E, chart from TradingView 

Solana (SOL) has been under intense selling pressure, with the price failing to reclaim key resistance levels after weeks of fear-driven market conditions. Bulls lost control when SOL dropped below $180, a crucial support level that previously held firm. Since then, bearish sentiment has dominated, with speculation rising about a potential bear market for SOL and the broader altcoin sector. Related Reading: 640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation? Despite this negative outlook, there may be a glimmer of hope for Solana bulls. Top analyst Ali Martinez shared a technical analysis on X, revealing that SOL is forming a bullish channel in the short-term time frame. This pattern suggests that if Solana holds within this formation, a surge to higher price levels could follow. For this bullish scenario to play out, SOL must hold the lower trendline of the channel and push toward higher resistances. A breakout from this pattern could signal a strong recovery, potentially reversing the downtrend that has dominated the market for weeks. However, if Solana fails to maintain this structure, the risk of further downside remains high. The next few days will be crucial in determining SOL’s short-term direction. Solana Faces Risks Amid Volatility Solana has faced relentless selling pressure since hitting its all-time high of $261 in January, now down 61% from that peak. As hopes for a massive bull run fade, speculation around a potential bear market continues to grow. The broader macroeconomic environment remains unfavorable, with trade war fears and economic uncertainty pushing down not just the crypto market but also the U.S. stock market. Investors are now looking for signs of a reversal, and technical indicators suggest a potential short-term recovery. Martinez’s analysis on X reveals that Solana is forming a bullish channel and is eyeing a climb from the channel’s base to the upper resistance at $140. If this pattern holds, SOL could push toward $140 and even higher levels, signaling a relief rally. For this bullish outlook to materialize, Solana must maintain its current trendline support and break through key resistance levels. If SOL fails to hold this channel, it could face further downside, reinforcing fears of a prolonged bear market. The next few days will be crucial in determining whether Solana can reclaim momentum or continue its downward trajectory. Related Reading: Whales Accumulate Over 150 Million XRP In Just 48 Hours – Is A Rally Incoming? Solana Struggles As Bulls Fight to Regain Momentum Solana (SOL) is currently trading at $129, following days of consolidation between $136 and $111. The price action remains uncertain, with bulls struggling to regain control after weeks of selling pressure. For a potential reversal, SOL must break above the $140 resistance level and push toward $160, a key level that would signal a shift in market structure. If bulls successfully reclaim these price points, a stronger recovery phase could begin, potentially attracting new buyers back into the market. However, if Solana fails to hold the $125 support, it could trigger a wave of selling pressure, sending the price toward lower demand zones. A break below this level could expose SOL to a drop toward $110 or even lower, reinforcing concerns that the current downtrend is far from over. Related Reading: Ethereum Must Reclaim $2,050 To Start A Recovery Rally – Insights The next few trading sessions will be crucial in determining whether Solana can reclaim momentum or if further declines are ahead. Featured image from Dall-E, chart from TradingView

Crypto analyst SiDec has raised the possibility of the Solana price dropping to double digits. The analyst revealed major levels to watch for entries as market participants brace up for this massive crash.  Major Levels To Watch As Solana Price Risks Drop To Double Digits In a TradingView post, SiDec highlighted the range between $136 and $143 as the major resistance zone for the Solana price. Meanwhile, he stated that between $102 and $98 is the next major support zone, indicating that SOL risks dropping to double digits soon if it fails to hold this support zone.  Related Reading: Solana Forms Ascending Triangle For Possible Breakout, Analyst Sets $565 Target The analyst noted that the Solana price has been in a slow uptrend over the past five days, after hitting the low at $112. He added that the current price action looks like an ABC corrective pattern, which could mean that SOL is setting up for lower prices. While alluding to the key levels to watch for entries, he SiDec noted that placing orders at key levels helps increase the chances of catching the right move without overcommitting too early.  He then discussed the resistance zone between $136 and $143. The crypto analyst remarked that the Solana price will likely struggle in that range, as the area contains multiple technical confluences suggesting a potential reversal or strong reaction. As such, SiDec stated that this range is a prime area to consider for short positions, especially if the price starts showing weakness.  On the other hand, SiDec revealed that a major demand zone is forming between $102.1 and $98.50 on the downside for the Solana price. He stated that this zone has multiple technical confluences, making it a high-probability long entry area. The analyst added that this zone presents a solid long opportunity for gradual scaling into positions as price moves deeper into support.  Market Outlook For SOL SiDec remarked that there is a short bias until the Solana price reclaims $143.80, with this level a strong resistance zone for potential short trades. For market participants looking to enter a short position, the analyst remarked that laddering into the resistance zone ensures better risk management and higher entry efficiency.  Related Reading: Bitcoin, Ethereum, And Solana: Real Vision’s Raoul Pal Calls The Greatest Macro Trade Of All Time Meanwhile, for a long setup, the analyst stated that starting small at $112 and increasing position size down to $98.50 ensures strong positioning in a high-confluence demand zone. He added that scaling into trades rather than committing at a single price increases flexibility, improves trade execution, and helps market participants adapt better to price movements. Further discussing the Solana price action, SiDec noted that the $100 target coincides with the 200 Exponential Moving Average (EMA) on the weekly timeframe, adding confluence to this strong support.  The analyst also mentioned that if the Solana price decisively breaks above $144, it would invalidate the short thesis and suggest a potential move higher toward $150. Meanwhile, a strong rejection from the resistance zone would likely accelerate the move toward $112 to test demand at swing low.  At the time of writing, the Solana price is trading at around $128, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Solana (SOL) is facing significant selling pressure and struggling to hold key support levels as the entire crypto market remains under stress. Bulls have lost control, with SOL plunging over 37% since the start of March, reflecting the broader market’s risk-off sentiment. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? The downturn isn’t limited to crypto—trade war fears and macroeconomic uncertainty have pushed the crypto and U.S. stock markets to their lowest levels since late 2024. With investor confidence deteriorating, SOL remains in a vulnerable position, failing to reclaim critical price levels. Despite the recent weakness, some analysts see potential for a turnaround. Top analyst Ali Martinez shared insights on X, highlighting that Solana is forming a textbook cup-and-handle pattern, a bullish technical formation that could lead to a breakout. If this pattern plays out, SOL could reclaim higher price levels, reversing some of its recent losses. For now, Solana must overcome key resistance levels before confirming a bullish trend. If market conditions improve, SOL could see renewed momentum, but failure to hold current support could result in further downside. The next few weeks will be critical in determining Solana’s short-term direction. Solana Bullish Setup Hints at a Potential Breakout Solana is currently trading below the $130 mark, struggling to establish a foundation for a recovery phase. The broader market downturn continues to weigh heavily on SOL, with volatility and speculation driving short-term price action. With bears still in control, Solana’s direction remains uncertain, and short-term sentiment remains bearish. Despite the recent decline, many investors remain hopeful that SOL is poised for a significant recovery once the broader market starts trending upward. Optimism comes from historical patterns, where Solana has shown strong comebacks following extended periods of selling pressure. Related Reading: Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels? Martinez’s long-term technical analysis on X highlights that Solana is forming a textbook cup-and-handle pattern, a bullish formation that often precedes major breakouts. SOL could potentially surge to $3,800 if price action confirms this pattern, marking an astonishing 2,900% gain from current levels. The next few days will be crucial as Solana and the broader crypto market attempt to establish local lows and build momentum for a potential rebound. If market sentiment shifts and key resistance levels are reclaimed, SOL could be one of the top performers in the next primary bullish phase. Price Struggles Around $125 Solana is currently trading around $125, facing resistance at the $130 level after multiple failed attempts to reclaim it. With bears still in control, SOL remains under selling pressure, and bulls must act quickly to avoid further declines. For a recovery to take shape, SOL needs to break above the $130 mark and push toward $150. If bulls manage to reclaim this key level, it will signal renewed buying strength, potentially setting the stage for a larger recovery rally. A move past $150 could shift market sentiment and open the door for higher price targets. However, if SOL fails to hold the current demand, a further downside is likely. A drop below $125 could send the price toward lower support levels between $100 and $105, a zone where buyers may step in to stabilize the price. Related Reading: New ONDO Addresses Surge 390% In 24 Hours – A Sign Of Growing Interest In Ondo Finance The next few trading sessions will be crucial in determining whether SOL can regain momentum or if further selling pressure will drive it lower. Investors are closely watching key resistance and support levels, as short-term direction remains uncertain amid broader market weakness. Featured image from Dall-E, chart from TradingView

The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency’s recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana. Analyst Forecast Massive SOL Price Crash CoinMarketCap’s data shows that the Solana price has given up most of its yearly gains following its massive 50% price crash earlier last month. Despite this bearish performance, TradingView crypto analyst MadWhale highlights that the pain isn’t over yet, projecting an even deeper price decline for the popular altcoin.  Related Reading: Solana Price On The Verge Of 2022-Like Crash To Send It Back To $22? The analyst believes that a 26% drop to $90 may be on the horizon if Solana fails to find proper support. Sharing a detailed price that supports his bearish prediction, MadWhale suggested that the Solana price is currently in a Descending Channel, indicating a sustained downtrend.  The chart shows that the altcoin’s price movement is making lower highs and lower lows, confirming its already bearish structure. Moreover, Solana is presently struggling to break above the key resistance area indicated by a straight red line above the $130 threshold.  The curved red arrow in the chart highlights the trajectory to which Solana is expected to move if it fails to surpass resistance levels. The $90 level is also marked as the main monthly support for the altcoin, where a potential bounce back or accumulation is set to arise. If Solana can retest this support level, MadWhale believes it could recover enough to sustain a lengthy upward trend.  While Solana’s overall price position and market trend are in the red, the TradingView analyst acknowledges that temporary bullish movements could happen. However, these minor fluctuations would be short-lived, as they are part of the broader downtrend.  Notably, MadWhale has marked the $100 mark as a psychological resistance level for the Solana price, where a decline toward this threshold could influence its market sentiment.  Solana Market Sentiment Switches To Fear Solana’s market sentiment recently hit 1-year lows, but on-chain data shows an even more volatile trend. The altcoin’s Fear and Greed index at 34 indicates that it may be approaching extreme fear zones. This suggests a potential period of panic-driven sell-offs by investors.  Related Reading: Solana Forms Ascending Triangle For Possible Breakout, Analyst Sets $565 Target CoinCodex’s data also highlights that Solana’s overall market trend is significantly bearish. Over the last 30 days, Solana has recorded more red days than green, signaling a prolonged downtrend. As a result of its bearish price action, CoinCodex indicates that now may be a bad time to buy the altcoin.  Commenting on Solana’s current market sentiment, crypto analyst Market Prophit notes that the crowd remains bearish on the cryptocurrency. However, smart money stays bullish, fueling hopes of a possible price reversal in the altcoin. Featured image from Adobe Stock, chart from Tradingview.com

Solana (SOL) has seen a nearly 40% retrace over the past month, losing key support levels since February. As its price retests a key horizontal level, some analysts warn of a potential 50% correction to a yearly low. Related Reading: Solana Falls Under Realized Price: Here’s What Happened Last Time Solana Loses Key Support Level Solana has been one of the leading cryptocurrencies of the cycle, fueled by the market’s memecoin frenzy. The altcoin climbed over 270% in a year to its latest all-time high (ATH) of $270, registered nearly two months ago. Nonetheless, SOL’s bullish sentiment has significantly decreased since January, recently plummeting to its lowest point in over a year. As a result, the cryptocurrency has dropped over 50% from its January 19 ATH. Solana lost the key $200-$220 support zone at the start of last month, with the February market crashes sending SOL to retest its next crucial levels. After losing the $180 mark two weeks ago, its price hovered between the $130-$150 range, surging to the $179 mark at the start of March. This week’s market correction, which saw Bitcoin (BTC) drop to $76,000 for the first time in four months, has sent Solana to new monthly lows. On Tuesday, SOL’s price briefly dropped to $111, a level not seen since the August 2024 market crash, before bouncing back to $125. Amid the ongoing retest, pseudonym trader Crypto Busy warned that SOL must “hold this crucial support to maintain a bullish sentiment above $100.” Crypto analyst Ali Martinez previously noted that the most crucial zone for Solana appears to be between $110 and $125, as this horizontal level served as a key support during its 2021 and 2024 rallies. The analyst suggested that “holding above this range could be key for the next move.” SOL Price Risks Move To $60 Martinez also pointed out that Solana could be on the verge of a breakdown, as it has broken below its key level. According to the post, SOL risks a 50% crash to the $60 mark if it fails to hold the $125 support zone. The analyst highlighted that the cryptocurrency has been forming a right angle ascending broadening pattern since March 2024, when it first reclaimed the level during this cycle. During this period, every higher high on Solana’s chart has created a rising trendline at the top of the pattern, while the $125 support has held “as a strong horizontal support trendline.” Related Reading: Ethereum Risks Another 15% Correction After Fall Below $2,000 – What’s Next For ETH? However, SOL’s break below this horizontal zone has increased the odds of a 50% price correction to the Q4 2023 levels. Additionally, Martinez recently warned of a potential correction based on Solana’s trading pair against Bitcoin, which started to resemble ETH/BTC’s chart. The analyst suggested that the SOL/BTC chart was looking like Ethereum’s trading pair against BTC’s past price action, adding that if it continued to follow this pattern, the SOL/BTC chart could see a drop to the 0.0008 region. After the recent price action, the trading pair hit a 15-month low of 0.0014624 on Tuesday. As of this writing, Solana trades at $124, a 14% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a recovery wave above the $120 resistance zone. SOL price is now consolidating and might struggle to recover above the $132 resistance. SOL price started a fresh decline below the $150 and $140 levels against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $132 zone. Solana Price Faces Resistance Solana price struggled to clear the $155 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $140 and $132 support levels. It even dived below the $120 level. The recent low was formed at $114 before the price recovered some losses. It climbed above the $120 and $122 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $151 swing high to the $114 swing low. Solana is now trading below $130 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $124 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $128 level. The next major resistance is near the $130 level. The main resistance could be $132 and the 50% Fib retracement level of the downward move from the $151 swing high to the $114 swing low. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $150 level. Another Decline in SOL? If SOL fails to rise above the $132 resistance, it could start another decline. Initial support on the downside is near the $124 zone. The first major support is near the $120 level. A break below the $120 level might send the price toward the $114 zone. If there is a close below the $114 support, the price could decline toward the $100 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is near the 50 level. Major Support Levels – $124 and $120. Major Resistance Levels – $128 and $132.

On-chain data shows Solana (SOL) has seen its spot value drop under the Realized Price for the first time in three years following the recent bearish action. Solana Has Just Seen A Breakdown Of The Realized Price According to data from the on-chain analytics firm Glassnode, Solana has slipped around 8% below its Realized Price. The “Realized Price” is an indicator that basically tells us about the cost basis of the average investor or address on a given network. Related Reading: Dogecoin To $2 Could Be Next If DOGE Holds This Level: Analyst When the spot price of the asset is trading above this metric, it means the holders as a whole are carrying a net unrealized profit. On the other hand, it being under the indicator suggests the average investor is underwater. Now, here is the chart shared by the analytics firm that shows the trend in the Realized Price for Solana over the last few years: As is visible in the above graph, SOL broke above its Realized Price back in 2023, putting investors into the green. Throughout 2024 and the first couple of months of this year, the price remained above the line, but recently, it seems another crossover has finally occurred. “Solana just plunged below its Realized Price for the first time in nearly 3 years,” notes Glassnode. At the current exchange rate, the price is around 8% below this metric, which means the average holder of the asset could be assumed to be 8% in the red. From the chart, it’s apparent that the last time the cryptocurrency saw this type of crossover was back in 2022. Losing the level then meant the start of a bear market. Thus, it’s possible that the latest breakdown of the line could prove to be a bad sign for the coin this time as well. Historically, the Realized Price has played the role of a boundary between bear and bull trends for not just SOL, but also other digital assets. In another X post, Glassnode has shared the data for a version of the indicator for Bitcoin, the number one cryptocurrency. The metric displayed in the chart is the Realized Price of the short-term holders, which only measures the average cost basis of the investors who purchased their coins within the past 155 days. Unlike the Realized Price of the entire network, this version of the indicator serves more like a boundary line for short-term momentum shifts. Related Reading: This Bitcoin Signal Aligns With Price Tops, CryptoQuant Analyst Reveals After the recent bearish price action across the digital asset sector, Bitcoin has seen its short-term holders fall into the red, which could imply the asset may continue to suffer from a drawdown in the near future. SOL Price At the time of writing, Solana is trading around $124, down almost 9% in the last week. Featured image from Shutterstock.com, Glassnode.com, chart from TradingView.com

Solana has faced intense selling pressure and price swings, with the asset losing over 57% of its value since January 13. Bulls have struggled to regain momentum, and market sentiment suggests that the crypto market is not in a healthy condition for a strong recovery. As uncertainty continues, investors remain cautious, watching for signals of a potential trend shift. Related Reading: Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum? However, despite the bearish outlook, some analysts believe that this correction could be nearing its end. Many are now looking for key technical confirmations that could indicate a reversal or breakout in the near future. A top crypto analyst, Ali Martinez, shared a technical analysis on X, revealing that Solana remains in consolidation within a wide range pattern. This type of formation often suggests increasing volatility before a potential breakout to higher prices. If SOL follows the historical behavior of this pattern, it could be positioning for a significant move upward once market conditions stabilize. With Solana hovering near crucial price levels, the coming days will be key in determining whether bulls can reclaim control or if further downside awaits. Traders are now watching for a decisive breakout or another leg down before making their next move. Solana Struggles Around Crucial Demand Solana is struggling to hold the $140 support level after failing to reclaim higher price levels, keeping sentiment bearish as price action continues in a downtrend. Analysts remain cautious, warning that SOL could see further declines unless bulls regain control and establish stronger momentum. The past few weeks have been marked by unpredictable events, adding to the market’s uncertainty. The ongoing trade war developments between the United States, Mexico, Canada, and China have put additional pressure on financial markets, including crypto assets like Solana. Meanwhile, President Trump’s executive order to establish a Strategic Bitcoin Reserve had an underwhelming effect on the market, failing to generate the bullish reaction many investors had hoped for. Despite these challenges, some technical indicators suggest that Solana may be gearing up for a significant move. Martinez’s analysis highlights that SOL remains in consolidation within a right-angled ascending broadening pattern. Historically, this formation has led to high volatility and a breakout in either direction, hinting that a major price move could be coming soon. If Solana breaks below $140, it could trigger a deeper correction, further reinforcing the bearish trend. However, if bulls manage to push SOL above key resistance levels, it could reverse the downtrend and set the stage for a strong recovery rally. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst For now, traders are closely monitoring SOL’s price action, waiting for a decisive move that could determine its next major trend. The coming days will be crucial in assessing whether Solana can stabilize and rebound or face further downside pressure. Solana Battles To Hold Ground At Lower Levels Solana is currently trading at $139 after failing to reclaim the 200-day Moving Average (MA) and Exponential Moving Average (EMA), which sit around the $184-$186 resistance zone. The inability to break above these critical levels has left bulls in trouble, as SOL struggles to hold the $140 support and now risks setting fresh lows below $125. The bearish momentum has kept SOL under pressure, with price action confirming a continued downtrend. If sellers gain more control and $140 fails to hold, a breakdown below $125 could trigger further downside, forcing SOL into lower demand zones. However, despite the current weakness, there’s still a chance for recovery. If bulls can push SOL back above $180, reclaiming this critical level could shift market sentiment and trigger a strong recovery move. A decisive breakout above this zone would invalidate the bearish outlook, signaling a potential push toward higher resistance levels. Related Reading: Bitcoin Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details For now, traders are watching closely to see whether Solana can hold its key support or if another leg down is inevitable. The next few days will be crucial in determining whether SOL can stabilize or face deeper losses in the short term. Featured image from Dall-E, chart from TradingView

Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $155 zone. Solana Price Faces Hurdles Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $162 and $150 support levels. It even dived below the $140 level. The recent low was formed at $132 before the price recovered some losses. It climbed above the $140 and $142 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. However, the bears were active near $152 and pushed the price lower. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair. Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $145 level. The next major resistance is near the $148 level. The main resistance could be $155 and the 50% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $175 level. More Losses in SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $136 zone. The first major support is near the $132 level. A break below the $132 level might send the price toward the $125 zone. If there is a close below the $125 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $136 and $132. Major Resistance Levels – $148 and $155.

On-chain data shows that investors on the Solana network participated in significant profit-taking ahead of the asset’s latest retrace. Solana Realized Profit Registered A Sharp Spike Yesterday According to data from the on-chain analytics firm Glassnode, the Realized Profit observed a huge spike for Solana recently. The “Realized Profit” here refers to an indicator that, as its name suggests, keeps track of the total amount of profit that the investors are ‘realizing’ through their selling. The metric works by going through the transfer history of each coin being sold on the blockchain to see what price it was transacted at prior to this. If this previous selling price for any coin was more than the current spot price, then that particular token’s sale is leading to profit realization. Related Reading: This Bitcoin Range The Next Key Resistance, Analytics Firm Says The Realized Profit takes the difference between the two prices to calculate the exact amount of profit involved in the transaction and sums it up for sales across the network. In the context of the current topic, the usual Realized Profit isn’t the metric of interest, but rather a derivative form known as the Realized Profit by Age. This indicator basically tells us about how the SOL profit-taking is distributed among the various coin age bands. An “age band” is a time-range within which coins part of the band were last moved. The 1-week to 1-month age band, for instance, refers to the part of the supply that was last involved in a transfer between one week and one month ago. Now, here is the chart shared by the analytics firm that shows the trend in the Solana Realized Profit by Age over the last few months: As is visible in the above graph, the aggregated Solana Realized Profit observed a huge spike on Monday following the recovery in the cryptocurrency’s price toward the $180 mark. The sharp rally in the coin came after United States President Donald Trump announced a Crypto Strategic Reserve that is going to include five digital assets, one of which is SOL. Related Reading: Crypto Liquidations Near $1 Billion As Bitcoin & Altcoins Bounce Back It would appear the investors were keen to cash in on this opportunity, as the SOL Realized Profit shot up to an hourly value of over $257 million, making the profit-taking event one of the largest in the last couple of months. Interestingly, as the chart displays, 99% of the aggregated profit realization (around $255 million) came from the 1-day to 1-week age band alone. This would suggest that the profit-taking spree was almost entirely due to investors who bought during last week’s dip, capitalizing on their quick gains. SOL Price Solana has crashed following the profit-taking selloff as its price has returned back to $136. Featured image from Shutterstock.com, Glassnode.com, chart from TradingView.com

Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance. SOL price started a fresh decline below the $162 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $150 zone. Solana Price Dips Heavily Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $165 and $155 support levels. It even dived below the $150 level. There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL/USD pair. The recent low was formed at $132 and the price is now consolidating losses with a bearish angle. Solana is now trading below $140 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $144 level or the 23.6% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. The main resistance could be $156 and the 50% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. A successful close above the $156 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $180 level. More Losses in SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $132 zone. The first major support is near the $125 level. A break below the $125 level might send the price toward the $120 zone. If there is a close below the $120 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $132 and $125. Major Resistance Levels – $148 and $156.

On-chain data shows Solana is hovering around its Realized Price right now, a level that has historically served as the boundary for major trend shifts. Solana Has Plunged To The Realized Price Recently In a new post on X, CryptoVizArt.₿, senior analyst at the on-chain analytics firm Glassnode, has discussed about the Realized Price of Solana. The “Realized Price” refers to an indicator that, in short, keeps track of the cost basis of the average investor or address on a given cryptocurrency network. Related Reading: Don’t Call Bitcoin Bottom Just Yet, CryptoQuant Head Says: Here’s Why When the value of this metric is under the spot price of the asset, it means the holders as a whole can be assumed to be in a state of profit. On the other hand, it being under the coin’s value suggests the overall market is carrying a net loss. Now, here is the chart shared by the analyst, that shows the trend in the Realized Price for Solana over the last few years: As displayed in the above graph, Solana had been trading above its Realized Price during the last year or so, which means the cryptocurrency’s holders had been enjoying profits on average. In the last few days, however, the entire digital asset has been shocked by a crash, and SOL has been no exception. As a consequence of this plunge, the coin’s price has retraced to the Realized Price, implying the holders are now sitting around their break-even level. Historically, the Realized Price has been a critical level for not just Solana but cryptocurrencies in general. This is because of the fact that investors tend to react more strongly to movements that relate to their cost basis. During bullish trends, the level can act as support for the asset’s price, as investors are keen on buying ‘dips.’ If the level is lost, however, it signals that the holders are no longer accumulating at their break-even. From the chart, it’s apparent that the last time this type of breakdown took place was in 2022. Back then, Solana fought to stay above the level for around five months before the bulls finally gave out and the coin slipped under it, kicking off the bear market. It wasn’t until the last quarter of 2023 that optimism around the token returned, and the price was able to recover above the line. Related Reading: XRP Indicator Reliable Since 2022 Now Gives This Signal With SOL again retesting this important level, it remains to be seen what trajectory the cryptocurrency will pick this time around. “Failing to hold above this level now could signal a deeper market correction,” notes the Glassnode analyst. SOL Price At the time of writing, Solana is trading around $133, down more than 25% over the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Solana (SOL) is trading at its lowest price level since September 2024, as the entire crypto market struggles with fear and intense selling pressure. Solana has lost over 55% of its value in less than six weeks, erasing the gains from its post-election rally and raising concerns among investors about a potential prolonged downtrend. Related Reading: Dogecoin Open Interest Declines 67% In Three Months – Can Meme Coins Recover? Panic has taken over the market, and traders are growing fearful that Solana’s correction may continue into lower price levels. Despite multiple attempts to reclaim momentum, bulls have been unable to defend key demand zones, allowing bears to maintain control. Top analyst Ali Martinez shared a technical analysis on X, stating that Solana appears to be experiencing a macro trend shift from bullish to bearish. If SOL fails to recover key levels soon, it could signal a deeper downtrend and further selling pressure in the coming weeks. For now, investors are closely watching Solana’s next move. If SOL can reclaim key resistance levels, it could stabilize and possibly trigger a recovery. However, failure to hold above current prices could lead to an extended bearish phase, increasing the risk of further declines. Solana Facing Serious Selling Pressure Solana is trading below crucial daily support levels, invalidating the bullish structure thesis that many traders were holding onto. The price action has been weak, with Solana now caught in a high time frame range between $120 and $220. If bulls fail to defend the lower end of this range, Solana could face the risk of a prolonged bear market. Related Reading: Litecoin Holds Solid Structure Amid Market Breakdown – Analyst Forecasts A Big Move The current price breakdown suggests that bears remain in control as selling pressure continues to mount. Solana has struggled to reclaim momentum, and the once-strong uptrend that started in July 2023 is at risk of collapsing. Analysts are now monitoring whether SOL can hold above the $120 support level, as a failure to do so could trigger a deeper correction. Martinez’s technical analysis states that Solana appears to be experiencing a macro trend shift. Martinez explains that the bullish trend that started in mid-2023 is on the verge of breaking, and if SOL continues to lose key demand levels, it could confirm a long-term bearish phase. Investors are now waiting for a confirmation move. If Solana can reclaim key resistance levels, bullish momentum could be reestablished. However, if the price fails to hold support and breaks below $120, it may indicate the start of a bear market for Solana. Price Testing Long-Term Demand Solana is trading at $130 after experiencing a 33% drop in less than two weeks. The market is in panic mode, with selling pressure overwhelming bullish attempts to reclaim key levels. Bulls have lost control of the price action, and Solana is struggling to find strong support. At this stage, the most crucial level to hold is $120. If SOL falls below this mark, it could trigger a deeper correction and push the price into uncharted bearish territory. However, if buyers step in and defend this level, Solana could stabilize and prepare for a potential recovery rally. For a trend reversal, SOL must reclaim the $160 level as soon as possible. This would help restore bullish momentum and shift market sentiment back toward optimism. However, this process could take time, especially given the current uncertainty and broader market weakness. Related Reading: Long-Term Dogecoin Holders Are In “Denial” – On-Chain Metrics Expose Weakness A consolidation phase around the $120–$140 range is possible before any meaningful recovery takes place. If Solana holds above support and demand starts increasing, a strong bounce could follow. However, failure to hold these levels could confirm a bearish trend, extending the correction even further. Featured image from Dall-E, chart from TradingView

Solana is showing renewed strength, signaling a potential turnaround after holding above $137 decisively. Buyers are stepping in at key support levels, pushing the price higher and challenging major resistance zones. This shift has sparked optimism that SOL can sustain its upward push and trigger a full recovery. Despite recent struggles, Solana’s price action suggests that the bulls are not backing down. However, a true breakout will require clearing critical resistance levels that have previously capped gains. Solana could see a significant rally unfold if buyers maintain control and push past these barriers. On the other hand, failure to sustain the momentum may lead to another pullback, keeping bearish forces in play. Solana Price Eyes Fresh Uptick After failing to break below the $137 support level, SOL’s price has regained bullish momentum, eyeing a possible recovery. Buyers have stepped in to defend this key zone, driving the price upward as it targets the $164 resistance level. The renewed strength also brings the 100-day Simple Moving Average (SMA) into focus, a critical barrier that could determine whether SOL extends its rally or faces another rejection.  Related Reading: Solana (SOL) Inches Toward $200—Breakout Confirmation Needed A successful breakout above both levels might confirm a stronger recovery, triggering a rally toward the $211 resistance zone. Such a move would indicate an uptrend, attracting more buyers and reinforcing confidence in Solana’s performance.  Breaking past this key resistance would signal a shift in short-term sentiment and a broader change in the cryptocurrency’s market structure. If sustained, this renewed strength will further solidify SOL’s bullish outlook and position it for continued upside in the coming sessions. Also, the Moving Average Convergence Divergence (MACD) indicator is signaling a potential shift in momentum. The MACD line is approaching a crossover above the signal line, a classic indication of improving buying pressure. Additionally, the histogram shows a gradual increase in positive movements, suggesting that bullish forces are gaining traction. Potential Bearish Outcome: Is The Recovery at Risk? SOL’s bulls’  and the MACD’s failure to sustain its bullish crossover or start to weaken may lead to another period of consolidation or a pullback. Furthermore, a decline in trading volume alongside weakening indicators further confirms a slowdown, increasing the risk of another bearish turn. Related Reading: Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum Should this scenario unfold, SOL’s price eye another drop below the 137 mark, possibly extending the current bearish trend toward the $118 support area. While this could signal further downside, the $118 zone might also act as a key level of stability, creating an opportunity for buyers to step in and fuel a recovery. Featured image from Adobe Stock, chart from Tradingview.com

The Solana-based memecoin Launchpad Pump.fun’s X account has been hacked and used to promote fake cryptocurrencies, including an “official” PUMP governance token. On-chain investigators suspect the hack is linked to other X account compromises. Related Reading: Red Monday, Green Week? Bitcoin Needs To Reclaim This Level For Trend Continuation – Analyst Pump.Fun Hackers Launch PUMP Memecoin On Wednesday, Pump.fun’s official X account was compromised, with hackers promoting different tokens during the incident. The account started to post different contract addresses (CA) for various memecoins before deleting them. The hackers initially shared the contact address of PUMP, the “official Pump.fun governance token,” stating that “democracy has never been this degen” and that they would be rewarding their “OG DEGENS.” The crypto community quickly identified the memecoin as a scam and alerted other users of the potential account compromise. Blockchain data firm Bubblemaps warned users of the fake memecoin, explaining that PUMP was “heavily bundled and will dump,” as 60% of the token’s supply was held in two clusters. Meanwhile, Pump.fun’s founder, Alon Cohen, confirmed the X hack and asked the community not to interact with it or any links shared until it was recovered. According to on-chain investigator Dethective, the hackers extracted around $600,000 from the token minutes after sharing the memecoin. The crypto sleuth explained that their strategy consisted of posting the CA of a bundled scam token and deleting it after rugging investors. Besides the fake PUMP token, the malicious actor promoted OG, Extract Protocol (EXAI), and Pump.fun Hacked (HACKED), extracting around $90,000 from these memecoins. Dethective noted that some investors continue to buy the tokens after the hackers repeatedly rugged the previous ones, with the last token hitting a $1.5 million market capitalization at the top. The malicious actors asked the crypto community whether they should create a “legit token on Pump.fun” and call it “Hackeddotfun.” They “promised” to pump the memecoin to a market capitalization of $100 million, assuring it wouldn’t “be a bundle” and would be launched through the platform before deleting the posts. Pump.Fun Hack Linked To Jupiter’s X Compromise? Renowned on-chain detective ZachXBT revealed the Pump.fun compromise is “directly connected on-chain” to the Jupiter DAO and DogWifcoin compromises from February 2025 and November 2024, respectively. On his Telegram channel, the internet sleuth suggested that the attacks are “likely not the fault of either the Pump.fun or Jupiter teams.” Instead, Zach suspects a threat actor is “social engineering employees at X with fraudulent documents/emails or a panel is being exploited.” Wu blockchain shared GMGN data revealing that only one Pump.fun memecoin had a market value above $1 million yesterday. The post detailed that several tokens hit the $1 million barrier but quickly experienced a sharp drop. Related Reading: Solana Sentiment Hits 1-Year Low Amid Market Correction – Analyst Suggests Drop To $70 Following the TRUMP and MELANIA memecoins and the recent Libra token controversy, investors have expressed exhaustion from the continued memecoin scams deployed via the Solana-based launchpad. Some community members called the hack “the nail on the meme coin coffin,” as sentiment surrounding the sector’s “memecoin fiesta” is at its lowest point this cycle. At the time of this writing, Pump.fun’s team has regained access to the account and stated they will continue to monitor the situation as “the attack that led to this compromise is unknown, but it’s unlikely that the team is at fault.” Featured Image from Unsplash.com, Chart from TradingView.com

Solana is facing mounting selling pressure, trading at its lowest level since September 2024 following yesterday’s market-wide correction. Extreme fear continues to grip the market as SOL fails to find strong support, with bears maintaining control since the cryptocurrency hit its all-time high back in January. Since then, Solana has retraced over 55%, leaving investors uncertain about its short-term prospects. Related Reading: XRP Breaks Down Below Key Demand – Analyst Expects A Drop To $1.65 The broader crypto market remains under pressure, with altcoins struggling to regain bullish momentum. Analysts warn that further declines could be on the horizon if SOL fails to hold key levels. Crypto expert Ali Martinez shared on-chain metrics on X, revealing that Solana’s transfer volume has plummeted dramatically. According to the data, Solana’s transfer volume has dropped from $1.99 billion in November 2024 to just $14.57 million today. This significant decline suggests a steep drop in network activity and interest, raising concerns about the current state of the Solana ecosystem. With bearish sentiment dominating the market and on-chain activity slowing, the coming days will be crucial for SOL. If bulls fail to defend key support levels, Solana could see further downside. However, a strong recovery in volume and price action could indicate renewed interest and potential for a reversal. Solana Struggles Below $150 as Bears Maintain Control Solana is facing significant selling pressure, struggling to break above the $150 mark as bears dominate price action. The broader market sell-off has taken a heavy toll on SOL, with meme coins experiencing some of the steepest declines. Solana, which previously benefited from the meme coin hype cycle, is now seeing a major pullback as speculation fades. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation The price action remains weak as Solana trades below key demand levels that once sustained its long-term bullish structure. Bulls have lost momentum, failing to establish a strong recovery, while bears continue to drag the entire market down. If SOL fails to hold above current demand levels, further downside could be expected in the short term. Martinez’s on-chain data highlights a troubling trend for Solana’s network activity. According to Glassnode, Solana’s transfer volume has plummeted from $1.99 billion in November 2024 to just $14.57 million today. This dramatic drop indicates a sharp decline in network usage and trading activity, further reflecting the cooling-off period in meme coin speculation. The coming days will be critical for Solana. If SOL can hold above key demand levels, a recovery phase could begin. However, continued weakness in volume and price action could lead to further declines, making it essential for bulls to reclaim momentum soon. Price Struggles At $140 Amid Selling Pressure Solana (SOL) is trading at $141 after experiencing days of intense selling pressure, struggling more than most altcoins in the current market downturn. The broader crypto market has faced extreme volatility, with many assets seeing sharp declines. However, Solana remains one of the worst-hit, failing to establish strong support or momentum for a potential rebound. If bulls can defend the $140 level, there is a chance for a short-term recovery. Holding above this crucial demand zone could provide the foundation for a push back above key resistance levels. However, sentiment remains weak, and any further downside in Bitcoin or the broader market could send SOL into deeper corrections. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move If Solana fails to maintain its current support, the next critical level to watch is $130, where buyers may attempt to step in again. However, a sustained breakdown below this mark would increase the risk of further declines into lower demand zones. The coming days will be crucial for Solana’s price action, as investors wait to see whether bulls can reclaim momentum or if bears will continue to drive the price downward. Featured image from Dall-E, chart from TradingView

The cryptocurrency market is experiencing significant turbulence this week, with Solana (SOL) facing particularly steep challenges. As the excitement surrounding memecoins wanes, prices have dropped to their lowest levels in several months.  Following the historic hack of the ByBit exchange and President Trump’s controversial tariff proposals, the overall crypto market has seen a downturn, with Bitcoin falling 12% in the past week. In contrast, Solana has plummeted 22%, reaching a new five-month low. Solana Struggles As New Data Shows Dramatic Drop As reported by Fortune, the decline in Solana’s value can be attributed to its association with recent celebrity-backed memecoin scandals, particularly the LIBRA incident.  This cryptocurrency surged to a nearly $5 billion market cap before crashing, following promotion from Argentine President Javier Milei, whose involvement has sparked outrage and prompted an investigation.  Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Zach Pandl, head of research at the crypto asset manager Grayscale, noted that this incident has highlighted the volatility and risks associated with memecoins, stating, “The current phase of memecoin trading on Solana is over.” Solana’s rise as the preferred blockchain for memecoin development was largely due to its low transaction costs, high transaction speeds, and user-friendly infrastructure.  Platforms like Pump.fun facilitated the rapid creation of cryptocurrencies on Solana, leading to a peak of over 71,000 memecoins launched in a single day. However, this number has since dwindled to just 26,000, according to data from analytics firm Dune. Analysts Warn Of Potential Drop Below $100 While many memecoins lack intrinsic value and are often linked to scams, Pandl suggested that the recent memecoin frenzy had some positive impacts on the Solana ecosystem.  “It onboarded users, generated revenue, and helped stress test the Solana blockchain in various ways,” he explained. “In that sense, memecoin trading is one of the many building blocks to developing the next generation of financial infrastructure.” Adding to Solana’s woes, the open interest for Solana futures has declined by 44% over the past month, dropping from an all-time high of $6.39 billion to just $3.57 billion today. This decline indicates a reduction in investor confidence and interest in leveraging Solana positions. Related Reading: Panic Sell? Bitcoin’s $86K Fall Wipes Out $1 Billion In Trades CoinGecko data also shows a similar pattern from investors, as trading volume has dropped 54% in the last 48 hours, representing only $5 billion of Solana’s total market cap of $66 billion. Currently trading at $134, analysts have identified this price point as a crucial support zone in the ongoing downtrend. According to Crypto General, if this support fails to hold, the next support level could fall below $100, representing a drop of more than 65% from Solana’s all-time highs. Featured image from DALL-E, chart from TradingView.com

Amid the market retrace, Solana (SOL) saw a massive correction that dragged its price to a five-month low. If SOL fails to reclaim its key support levels, some market watchers predict the altcoin risks further bleeding. Related Reading: Red Monday, Green Week? Bitcoin Needs To Reclaim This Level For Trend Continuation – Analyst Solana Sentiment Plummets To Yearly Low On Monday afternoon, the crypto market continued the weekend bleeding after failing to hold its key support levels. In the past 24 hours, most cryptocurrencies have dropped to monthly lows amid the latest market correction. Bitcoin, the largest crypto by market capitalization, moved from the $96,000 mark to the range lows of its post-elections range before losing the $90,000 support for the first time since November. As the flagship crypto bled, Solana, one of the leading Altcoins this cycle, followed BTC’s steps. SOL dropped 12% from the $150 support, tapping the $140 level and dropping to $131 on Tuesday morning, its lowest price since September. Analyst Miles Deutscher pointed out that Solana’s sentiment has reached its lowest level in over a year. According to the post, the sentiment for SOL hasn’t been this low since the cryptocurrency first reclaimed the $100 mark at the start of 2024. It’s worth noting that market sentiment has shifted over the past few weeks, with several community members expressing increasing fatigue from the numerous Solana-based memecoin scams. After the Libra token crash, which saw over $100 million taken from investors, the market started to see capital rotation from Solana to Ethereum. At the time, SOL’s price dropped 12%, losing the $180 support zone and failing to reclaim it for the past week. Deutscher stated that Solana is “finally having its capitulation moment” after being a top performer throughout last year. He also implied that the capitulation suggests a rebound could be coming. Another 50% Drop Coming? Crypto analyst Jelle highlighted that Solana is registering a 50% drop from January highs and has retraced to a key weekly level. The $130 and $140 zone was a key support level throughout the 2021 all-time high (ATH) breakout and the 2024 rally. Jelle also suggested that holding this area will be key for Solana’s performance, as the upcoming token unlock, scheduled for March 1st, will affect its price. Ali Martinez commented on SOL’s recent performance, noting that SOL’s trading pair against BTC resembles ETH/BTC. According to the analyst, the SOL/BTC chart is starting to look like Ethereum’s trading pair against BTC’s past price action. Related Reading: LINK Sudden Breakdown Sparks Fears Of Collapse To $12.5 Support Zone If the pattern continues, SOL/BTC could be poised for a 50% drop to 0.0008, sending Solana’s price to the $70 region. Meanwhile, Altcoin Sherpa considers the $90-$125 region a “good area overall” to purchase, as he doesn’t believe that Solana is “dead.” The analyst added that SOL will likely recover from the lows but expects some volatility. As of this writing, SOL trades at $141.36, a 45% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a fresh decline from the $162 zone. SOL price is down over 15% and might struggle to recover above the $150 resistance. SOL price started a fresh decline below the $162 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $150 zone. Solana Price Dips Sharply Solana price struggled to clear the $185 resistance and started a fresh decline, underperforming Bitcoin and Ethereum. SOL declined below the $162 and $150 support levels. It even dived below the $135 level. The recent low was formed at $131 and the price is now consolidating losses with a bearish angle. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $173 swing high to the $131 swing low. Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $144 level. There is also a connecting bearish trend line forming with resistance at $144 on the hourly chart of the SOL/USD pair. The next major resistance is near the $150 level. The main resistance could be $152 and the 50% Fib retracement level of the downward move from the $173 swing high to the $131 swing low. A successful close above the $152 resistance zone could set the pace for another steady increase. The next key resistance is $160. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $141 zone. The first major support is near the $136 level. A break below the $136 level might send the price toward the $131 zone. If there is a close below the $125 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $136 and $131. Major Resistance Levels – $145 and $152.

Solana is trading at its lowest levels since September 2024, with extreme fear and selling pressure dominating the market. Since breaking its all-time high in January, SOL has retraced over 55%, leaving bulls struggling to regain momentum. The broader crypto market is facing a period of uncertainty, and Solana has been one of the hardest-hit altcoins in recent weeks. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation Bears have remained in control, consistently driving prices lower as investors lose confidence. The once-thriving meme coin speculation that fueled Solana’s rally has now turned into a major headwind, accelerating the selloff and preventing a stable recovery. Analysts believe further declines could be on the horizon, especially if SOL fails to reclaim key support levels. Top analyst Jelle shared a technical analysis on X, noting that Solana has broken below a crucial demand level, signaling increased risk of additional downside. According to Jelle, SOL’s current price structure suggests that bears still have control, and unless a strong bounce occurs soon, lower price targets could come into play. With market sentiment at extreme lows, all eyes are on Solana to see if it can stabilize or if further declines are inevitable. Solana As Market Turns Bearish Solana is trading below critical demand levels that previously sustained its long-term bullish structure. Bulls have lost control, and bears continue to dominate, pushing the entire market lower. Since reaching all-time highs in January, SOL has dropped over 55%, erasing months of gains and signaling extreme fear among investors. As selling pressure intensifies, Solana has become one of the hardest-hit altcoins, with meme coins suffering the most. The speculative frenzy that once fueled Solana’s surge has now turned into a major risk, with rug pulls and liquidity issues shaking investor confidence. Jelle’s analysis on X reveals that when he sold his SOL bags, he didn’t expect the price to drop this hard. He also notes that Solana has lost both monthly and weekly support levels, which could indicate further declines. The breakdown below these key demand zones has intensified bearish sentiment, making a recovery more difficult in the short term. The upcoming week will be crucial for Solana’s price action, as the market leans increasingly bearish. If SOL fails to reclaim lost support, it could face another wave of selling pressure, potentially pushing it into lower demand zones around the $140 mark. However, if bulls manage to regain control and push the price back above $185, it could trigger a short-term relief rally. Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time With the broader market struggling and uncertainty rising, Solana’s next move will determine whether it can stabilize or continue its downward trajectory. Investors remain cautious as fear dominates sentiment, but some still believe in a potential recovery if market conditions improve. The coming days will be crucial in deciding Solana’s fate in this volatile market. Price Struggles To Hold $140 Solana is trading at $139 after a brutal selloff that saw the price drop over 22% since Sunday. The entire crypto market has been hit with extreme selling pressure, but SOL continues to struggle more than other altcoins. Bearish momentum remains strong, and bulls are finding it difficult to establish a clear support zone. If Solana can hold above the $140 mark, there is a chance of a short-term recovery. Bulls must step in and push the price above $150 to signal strength and prevent further downside. However, current sentiment remains weak, and any failure to reclaim lost levels could lead to further declines. If SOL loses $140, the next significant demand zone sits around the $125–$130 range. Breaking below this level would confirm a deeper correction, potentially pushing SOL into its lowest price since August 2024. Investors are growing cautious as market volatility increases, and Solana’s price action remains uncertain. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move For now, traders are watching for signs of a potential bounce, but the risk of continued declines remains high. If the broader market doesn’t recover soon, Solana could continue to face downward pressure, testing even lower support levels in the coming days. Featured image from Dall-E, chart from TradingView