🚨Solana's Technical Breakdown: Major Support CRUMBLES! Where is the Bottom? 📉⚠️

$SOL

SOL

130.04

-1.92%

Price sits around 133.10 USDT right now. We’ve seen a recent high of 144.93, and a low down at 127.70. After that big drop, the market’s just moving sideways, trying to find its footing.

Moving Average (MA) Check

MA(7): 133.06

MA(25): 134.47

MA(99): 135.58

So, price is hanging out under both the 25 and 99 MAs. That’s not great for bulls — it screams a weak to bearish trend in the medium term. The 7 MA is barely moving and sits right on top of price, which tells you nobody’s really in control short term. The zone between 134 and 136, where the 25 and 99 MAs cluster, keeps acting like a ceiling.

Bottom line: MAs lean bearish, maybe neutral at best.

RSI (6): 45.51

RSI’s under 50, but not low enough to call things oversold. Momentum’s weak, but not completely washed out. No sign of hidden strength either.

RSI’s message: Neutral to bearish.

Price Structure & Candles

Price got smacked down hard from the 144–142 area. Since then, lower highs are stacking up — classic bearish structure. The latest candles are small, so the market’s just churning. Buyers are stepping in around 130–131, but there’s no real breakout.

So far: Bears in charge unless buyers push us out of this range.

Key Support & Resistance

Support:

- 130.60–131.00 (right below current price)

- 127.70 (serious demand here)

Resistance:

- 134.50–135.50 (the MA wall)

- 138.20

- 142.00–145.00 (big supply zone)

Market Summary

Trend: Bearish

Momentum: Weak

Structure: Lower highs

RSI: Neutral-bearish

Buyer strength: Moderate at support levels

Bullish Scenario (Needs to Happen)

- Price must close strong above 135.50.

- Hold above the 25 and 99 MA

- RSI climbs past 55

Targets if bulls pull it off: 138.20, then 142.00.

Bearish Scenario (More Likely Right Now)

- Price gets rejected at 134–135

- Breaks below 130.60

Bearish targets: 127.70, then 124.00 if selling really picks up.