Solana (SOL) is currently trading near $138, showing a strong recovery from the recent dip toward $127. The price is hovering around key moving averages, indicating a period of consolidation but with growing signs of bullish momentum.
🔍 Key Technical Levels
Immediate Support: $127
Major Support: $121.66
Resistance to Break: $145–146
Bullish Targets: $155–165
Extended Target (If momentum strengthens): $175–200
📈 Market Outlook
SOL’s recent bounce and improving momentum suggest buyers are slowly regaining control. A clear breakout above the $145 resistance could open the door toward the $155–165 range, which aligns with broader analyst expectations.
If volume remains weak, SOL may continue trading sideways for some time.
However, a drop below $121.66 would signal a bearish shift and could invite deeper downside.
⚠️ Risk Management Is Important
Crypto markets remain highly volatile. Using stop-loss levels, avoiding over-leverage, and monitoring key support zones are essential for navigating fast-moving movements.
