#Solana Price Analysis: Up or Down?
Current Market Situation
Price: $126.36
Trend: The 30-minute chart shows a sharp "V-shaped" recovery from a daily low of $124.68.
Sentiment: The "Order Book" bar at the bottom shows slightly more selling pressure (55.98%) than buying pressure (44.02%).
Expert Analysis: Up or Down?
In the short term (next 24–48 hours), experts describe #solana as being on a "knife-edge." Here is the breakdown of how much it could move:
1. The Bullish Case (Potential Upward Move)
Target: $132 – $135 (Short term); $160+ (Early 2026)
Why: You can see a strong green candle on your chart. If SOL can break through the immediate resistance at $127, it is likely to test the $133 level. Analysts note that institutional accumulation is still happening, which often acts as a floor for the price.
Probability: Moderate. It needs to stay above $125 to keep this momentum.
2. The Bearish Case (Potential Downward Move)
Target: $117 – $120 (Immediate); $100 (Psychological floor)
Why: The overall trend for the last 30 days is down (-4.67% in your pic). If the price fails to hold the support at $124.50, it could slide back toward the multi-month lows of $117 seen earlier this week.
Probability: High if it breaks below $124.
Technical Summary
