Overview
- An overnight slide took SOL to a low near $141 before consolidating under $150, with immediate resistance at roughly $148–$152.
- The decline follows a bearish engulfing rejection around $167 that signaled weakening momentum at a key resistance.
- Traders are watching $142 and $140 as near-term supports, with breakdowns potentially exposing $132 and then the $120 area.
- Higher‑timeframe views flag a thinly supported region toward $118–$125 and, in one scenario, limited structure down to about $112 if mid‑range support fails.
- Analysts say a trend reversal lacks confirmation until a reclaim of $170–$177 on rising volume, even as BSOL and GSOL continue to record net inflows.