Artem Voloskovets
⬤ Solana is trying to stabilize after an extended downward move, with price action pushing toward the $130 zone. The big question right now is whether SOL can reclaim this level, which previously acted as support before the recent breakdown. The chart shows price hovering near the current range while the market weighs early signs of strength.
⬤ SOL is trading around $129 following weeks of lower lows and relentless selling pressure. The $130 mark remains a major technical threshold, and a recovery above it would signal a shift in short-term structure. The chart lays out both scenarios—a potential rejection leading to further downside and an upside path if buyers can hold momentum. Market conditions remain cautious, reflecting just how fragile this current rebound really is.
⬤ Broader sentiment around Solana stays mixed as the asset continues reacting to recent volatility. The chart highlights clear resistance above current levels and a lower demand zone beneath the market. How SOL reacts around $130 will likely decide whether it can build a continuation move or drop back to retest recent lows.
⬤ This setup matters because Solana's behavior at major horizontal levels often shapes short-term risk appetite across the altcoin market. A successful reclaim of $130 could trigger a shift toward higher targets, while a rejection might reinforce the ongoing bearish pressure. The next few sessions will bring clarity as SOL tests this critical price zone.
Artem Voloskovets
