Overview
- Solana trades in the mid‑$150s after a bounce off the $142–$145 zone, with Brave New Coin citing a 24‑hour decline of about 5%.
- Chart structure has broken down with the loss of a 211‑day uptrend and a drop below the 200‑day SMA near $179, increasing the risk of further retracement.
- Analysts highlight $150 as near‑term support, with deeper levels at $138 and $120 if selling resumes.
- Short‑term reversal signs include oversold RSI, a potential Tweezers Bottom near $150, and a possible double‑bottom setup, but confirmation needs a daily close above $158–$160 and reclaim of $165–$170, with $200 as the pivot for a larger shift.
- Liquidity data suggests downside has been largely cleared while heavier liquidity builds at $180–$200, creating resistance for rebounds and leaving direction sensitive to Bitcoin’s trend.