Saad Ullah
⬤ Solana's showing hints of a comeback as buyers jumped in at a familiar support area around $124-$128, the same zone that stopped the bleeding back in late November. SOL's currently trading near $138 after stabilizing from earlier lows, and the market's taking notice. This repeated defense of the same price level has traders wondering if we're seeing the start of something more sustained or just another failed attempt.
⬤ The price action lately tells an interesting story. After weeks of grinding lower, SOL keeps finding buyers in that $124-$128 pocket. It's the same playbook as before—support holds, price pushes higher temporarily. Right now, if this level continues to hold, there's room for SOL to test the $145-$149 range shown on recent charts. But here's the catch: lose this support, and we could be headed back down to retest lower levels where liquidity tends to thin out.
⬤ What makes this moment critical is that Solana's sitting right at the crossroads. The $138-$140 area has become the line in the sand between continuing this rebound or sliding back into weakness. The consolidation phase we're seeing suggests sentiment might be shifting from purely bearish to more neutral, but the trend still looks fragile overall. It's a wait-and-see moment where the next few sessions could set the tone.
⬤ This matters beyond just SOL holders. As one of the most heavily traded altcoins, Solana's price movement tends to ripple through the broader market. If it manages to stay above support and push higher, it could inject some confidence across the ecosystem. If it breaks down, expect more caution to creep in while everyone waits for clearer direction.
Saad Ullah
