Overview
- Solana trades in the mid-$120s after recovery attempts stalled near $130–$132, where an hourly bearish trend line continues to cap price.
- Price action remains coiled inside a $120–$130 range with a heavier ceiling identified around $145–$146.
- Analysts view $120 as pivotal support, with a breakdown exposing $116 initially and then a $112–$108 liquidity pocket if selling accelerates.
- Repeated dips toward $123–$125 are being absorbed, with 4-hour charts showing early accumulation even as overhead supply persists.
- Bulls would likely need a reclaim of the 50-day SMA or a decisive breakout above $145 to shift the technical outlook toward recovery.