Solana price risks capitulation below $117 as bearish structure remains intact
Solana price remains under heavy pressure as bearish structure persists, with repeated tests of $117 support increasing the risk of a capitulation-style breakdown.
Summary
Solana continues to print lower highs and lower lows.
$117 high-time-frame support has been tested multiple times.
Lack of bullish volume raises capitulation risk below support.
Solana ($SOL) price action continues to deteriorate, with the broader market structure remains firmly bearish. Despite brief relief rallies, $SOL has consistently failed to regain upside traction, reinforcing the prevailing downtrend.
With price now rotating back toward high-time-frame support at $117, market participants are closely watching this level for signs of either stabilization or failure. Given the lack of bullish participation and the persistence of lower highs, the risk of a capitulation move below support is increasing.
Solana price key technical points
Bearish market structure intact: Consecutive lower highs and lower lows persist.
$117 support under repeated pressure: Multiple tests weaken the level.
Lack of bullish volume: Downside risk remains elevated
