Overview
- SOL failed to reclaim $140 and slid to roughly $124 before consolidating below $135, with near-term resistance clustered at $134–$138 on intraday charts.
- Analysts report a loss of the Point of Control on volume profiles, and a break below the value area low would heighten capitulation risk toward about $117.
- Derivatives stress intensified the decline, with reported SOL long liquidations in the tens of millions and broader crypto liquidations near $390 million, alongside sharp hourly volume spikes.
- On-chain signals stayed constructive as whales accumulated, exchange balances fell to two-year lows, staking reached a reported 70%, stablecoin supply hit about $15 billion, and DEX TVL remained robust.
- Outlooks diverge, with a reclaim above roughly $145 seen as reopening $160–$200 targets, while failure to hold $120 could expose deeper supports around $70–$75.