Solana Holds Near $130 After Support Defense as Death Cross Looms

Overview

• Solana trades around $130 after repeated buy support at $121–$123 halted last week’s slide.
• Price sits above the 100‑hour simple moving average with an hourly trendline at $130, while immediate hurdles stand at $135, then $140 and $145.
• A clear reclaim of roughly $144–$146 would suggest early trend relief, according to multiple technical analyses.
• A 50‑day/200‑day death cross is forming for the first time since early 2023 as momentum stays weak, with daily RSI reported near 33.
• Analysts also flag a developing daily bullish divergence with $131 acting as support, but a break below $121 could expose deeper targets near $107 and $95.