SOL is currently trading around $129, showing short-term stabilization after a strong correction from previous highs. On the monthly timeframe, price is holding near a key historical support zone, suggesting selling pressure is slowing.

Price remains below major moving averages (MA 7 & MA 25), which indicates the broader trend is still cautious. However, declining volume during the pullback hints at weakening bearish momentum, not aggressive distribution.

If SOL holds this range and reclaims the mid-level resistance, a relief bounce is possible. A breakdown below support would increase downside risk. Market structure here is critical.#solana #sol $SOL

SOL

127.19

-0.18%