Quick update on Market sentiment and its possible effects on solana,
Overall sentiment on Solana is bearish,with about 91 % of analysts leaning negative
- However, a handful of short‑term traders see a “cautiously bullish” bounce if the $133 level holds
Broader crypto mood is “risk‑off”: Bitcoin is stuck around $86‑$87 K, Ethereum under $3,200, and long‑position liquidations have been spiking
Key external drivers
1.Macro risk‑off – rising bond yields and uncertainty about Fed policy are keeping speculative capital on the sidelines
2. Liquidity squeeze– 24‑hour volume is up 60 % but still far below the 5‑day average, so the market is vulnerable to sharp swings .
3. Solana fundamentals– network activity is strong, but the price is still 57 % below its $295 all‑time high, leaving room for a “catch‑up” rally if sentiment improves
Possible scenarios
(short‑term)
Bounce off $133 | A 4‑hour candle closes above $138‑$140, pushing toward $144‑$146 Moderate – RSI is low, but volume needs to pick up
Break below $133 Slip to $128‑$130, then test $120‑$125 if sellers dominate Higher – overall bearish bias and weak volume |
Break above $146 | Clear breakout, target $150‑$155, possibly $160‑$165 on stronger momentum Lower needs sustained buying and macro relief
Bottom line
At $132.40 SOL is sitting on a crucial support level. If the price can hold above $133 and gather some volume, a short‑term rally toward $144‑$146 is on the cards. A drop below $133, however, would likely reopen the downside toward $128‑$130 and maybe deeper if the bearish macro mood persists. Keep an eye on the 4‑hour close and any news that could shift liquidity – that’s where the next move will be decided.
Note,(Not a financial advice DYOR)
