When the market has been living in a liquidation cascade mode for several weeks, support levels cease to look like something monolithic. $SOL was no exception: after aggressive growth earlier, we are now observing a phase where every bounce is used by some participants to secure profits and reduce risk. The range around $130 is gradually turning into not a support but a zone where sellers feel confident and prepare the ground for a new round of decline. Against this background, the expectation of the price going below $130 over the weekend seems not shocking, but a logical continuation of the already started unloading cycle.
It is important to understand that the pressure is coming not only from the spot market but also from derivatives. Where positions were previously aggressively built with leverage under the idea of continuing the rally, there are now forced closures and a reduction in open interest. Any upward surge meets counter orders from those who do not want to take risks in the face of growing volatility and deteriorating sentiment. As a result, Solana is gradually shifting down the price steps, and the target zone around 110 dollars no longer seems fantastic, but is perceived as another level where the market can attempt to stop the decline's inertia and gather new demand.
At the same time, the correction on $SOL does not happen in a vacuum — it is embedded in the overall scenario of risk aversion across most altcoins. Capital is flowing into more conservative stories or is completely exiting the market, liquidity in order books is thinning, and spreads are widening. For large players, this is a convenient moment to carefully restructure portfolios: getting rid of the most volatile positions, averaging long-term bets, or waiting for more attractive entry levels. For retail investors, everything looks like an endless red screen, but on a longer horizon, it is precisely such phases that often become the point where strong projects transition from the hands of short-term speculators to those who are willing to endure large amplitudes for the sake of the future cycle.
To speak directly, the scenario with Solana at 110 dollars at this stage of the market decline looks quite realistic. But the key question is not whether the price will reach this mark, but how each market participant builds their strategy under such volatility. For some, it is a signal to finally close positions and wait out the storm in cash, for others — a reason to plan phased purchases, not trying to catch the perfect bottom. In any case, it is important to remember: an aggressive drop to 130 and below does not negate the fundamental role of Solana in the current infrastructure, but it severely tests the resilience of all those who are used to perceiving growth as the norm, and a sharp correction — as something impossible.