- Solana (SOL) is showing bearish momentum, with a potential drop to the $140–$145 range if it breaks below the $152.14 support level.
- Without signs of a reversal, continued downward pressure could lead to further correction in the near term.
Market Turns Red: Solana Faces Immediate Pressure
The broader crypto market has flipped to red, and Solana (SOL) is showing signs of weakening momentum. According to CoinMarketCap data, SOL is currently trading at $150.67, struggling to hold key support levels as bearish sentiment intensifies.
On the hourly chart, SOL’s price action paints a cautious picture. If the local support breaks, it could trigger a sharper downward move — possibly toward the $145 zone. This range is now the next critical test for bulls trying to prevent deeper losses.
Short-Term Risks: Key Level in Focus
Technical analysis suggests that if the price closes below the $152.14 support level, especially without forming a long wick, traders might see an accelerated push toward the $140–$145 range. The energy built up around current levels could act as a catalyst for this correction if selling pressure intensifies.
The lack of bullish momentum is further emphasized by the continued formation of lower highs on the hourly chart, signaling a downtrend that hasn’t yet found its bottom.
Midterm Outlook: No Reversal in Sight
From a broader midterm perspective, Solana hasn’t shown any clear signs of a bullish reversal. If SOL dips below $150 in the coming sessions, it could confirm an extended corrective phase toward the $140 zone.
All eyes are now on the previous bar’s low, which could act as a trigger point for further downside if breached. Without a strong rebound or a high-volume reversal signal, SOL traders may need to prepare for more pain before any meaningful recovery.
Solana is hanging by a thread at the $150 level. A clean break and close below $152.14 could pave the way for a swift retest of the $145 or even $140 support zones. With market sentiment turning bearish and no reversal signs in play, SOL holders should watch the charts closely — the next move could be decisive
