$SOL (Solana) Technical Analysis – Price: 127.34
Market Structure
Short-term structure is range to mildly bearish.
Price is trading below the key resistance zone, showing supply on rallies.
Key Levels
Resistance: 129.50 – 131.00
Major Resistance: 134.80 – 136.00
Support: 124.50 – 123.00
Major Support: 120.00 – 118.50
Indicators
EMA (20/50): Price hovering near short EMAs → indecision / weak momentum
RSI (14): Around neutral (45–50), no strong divergence yet
Volume: Declining → breakout needs volume confirmation
Trade Scenarios
Bullish continuation:
Break and hold above 131.00 → targets 134.80 → 138.50
Bearish continuation:
Breakdown below 123.00 → targets 120.00 → 118.50
Bias
Neutral to slightly bearish until 131+ is reclaimed.
Scalpers: trade the range; Swing traders: wait for breakout or breakdown confirmation.
