sol

Solana has begun a steady recovery after holding the $128 support, mirroring the broader market bounce seen in Bitcoin and Ethereum. The price climbed above $130 and $132, breaking a key bearish trendline in the process. This shift helped SOL regain some stability, but the market now waits to see whether buyers have enough strength to push through the next resistance band. SOL is currently trading below $138 and the 100 hour simple moving average, which remains a significant challenge in the short term.
The recovery gained traction once Solana cleared the 23.6 percent Fibonacci retracement of the move from $147 to $128. Breaking the bearish trendline at $132 further improved sentiment, giving buyers a structural advantage for the first time in several sessions. Despite this progress, SOL remains below the crucial $137 to $140 resistance region. This area includes the 100 hour simple moving average and the 50 percent Fib retracement of the most recent decline, making it a dense cluster of technical barriers.
This raises the first important question.
Is Solana showing early signs of a bullish reversal or simply bouncing from oversold conditions?
The indicators lean cautiously positive. The MACD is gaining momentum within the bullish zone, suggesting renewed buying interest. The RSI remains above 50, showing that momentum is gradually shifting upward. The trendline break also hints that downward pressure has weakened. However, until SOL reclaims the 100 hour moving average, the recovery remains incomplete. The market needs confirmation above $138 and $140 before calling it a true reversal.
If Solana succeeds in breaking the $138 level and closing above $140, the next target becomes clear. SOL would then face the main resistance at $142, a level that has historically acted as a turning point for price momentum. Clearing $142 on a closing basis could unlock a move toward $150. Beyond $150, the price may extend into the $155 zone, where liquidity tends to accelerate bullish continuation. These targets form the core of an upward expansion scenario.
This leads to a second natural question.
What conditions would confirm that SOL is ready for a broader bullish continuation?
A clean break above $140, followed by stability above $142, would strongly suggest that buyers have reversed the short term trend. This sequence flips overhead resistance into support and allows momentum indicators to continue strengthening. If Solana performs this transition, the recovery structure becomes significantly more reliable. Without this, any move upward remains vulnerable to rejection and pullback.
Still, traders must acknowledge downside risks. If Solana is rejected at $138 or fails to break $140, the price could revisit the $132 support level. This zone recently acted as the breakout point and now serves as a short term safety net. Falling below $132 exposes the $130 support. Below $130, the market structure weakens considerably, increasing the probability of a return to the $128 support zone. A close beneath $128 would shift the overall narrative into a bearish continuation pattern, potentially sending SOL toward $120.
This raises a final practical question for traders.
Where is the invalidation level for the bullish scenario?
A close below $128 would be the clearest sign that the recovery phase has failed. This level marks the base of the previous bounce, and losing it would erase the structural improvements gained during the recent rebound. Below $128, sellers regain control and the market prepares for deeper retracement.
For now, the technical setup remains cautiously optimistic. MACD momentum is climbing. RSI remains healthy above 50. The trendline break at $132 continues to support the recovery narrative. Yet everything hinges on the zone directly ahead. The $138 and $140 resistance levels form the threshold Solana must cross to confirm bullish continuation.
Solana stands at a decisive crossroads. A breakout above $140 could ignite momentum toward $142 and $150. A rejection could push the price back toward $132 and $130. The market is tightening, volatility is compressing, and SOL appears ready for a major directional move. Whether that move becomes a breakout or a deeper correction depends entirely on how the price reacts to the $138 to $140 resistance band in the sessions ahead.
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