$SOL is trading around the $120–$130 range, showing sideways movement with weakness in short-term momentum. Traders are closely watching key support levels near $120.
• Short-term indicators show mixed signals: some analysts see oversold conditions that could spark a bounce, while others warn of pressure below critical support that may lead to deeper pullbacks if broken.
📈 Technical & Market Sentiment
• Support & Resistance: Key support is at ~$120–$135. Defending this zone is crucial for any rebound. Immediate resistance lies around the $146–$155 range.
• Bullish possibilities: If SOL holds current support and momentum improves, analysts target $149–$175+ in the near term and even higher levels long term if broader crypto markets strengthen.
• Bearish risks: Breaking below support could lead to further downside toward the lower $110–$118 zone.
Blockchain News
📌 Key Factors Influencing SOL
• Network fundamentals: Continued growth in DeFi and ecosystem usage supports medium/long-term narrative.
• Market sentiment: Overall crypto risk profile and Bitcoin trends heavily influence SOL’s moves.
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