#SolanaAnalysis

Solana ($SOL) is currently trading near a key demand zone between $132–$128 after a sharp and extended decline from the $225–$253 supply area, where strong selling pressure caused a clear distribution phase. The breakdown below the $187–$203 region pushed SOL under all major EMAs, confirming a bearish market structure. Despite this, recent price action shows that selling pressure is easing, and the market is moving into a consolidation phase rather than continuing aggressive downside.

At the moment, SOL is holding above $127, a historically important support level. RSI around 42 reflects weak but stabilizing momentum, supporting the possibility of a short-term relief bounce as buyers step in at discounted levels.

Price Forecast

If SOL successfully holds $127–$132, a short-term move toward $150–$155 is likely. A strong daily close above this zone could extend the recovery toward $170–$175. The $187 area remains a major resistance, and upside beyond this level will be difficult without strong market-wide support. A full bullish reversal above $203 appears unlikely in the near term.

Trading Strategy

A smart approach is to accumulate near $128–$132 with strict risk control. Invalidation below $125. Partial profits can be booked around $150, while holding a remaining position toward $170–$175 if momentum improves. Avoid chasing long positions near resistance.

Next Plan

The plan is to trade the bounce, not the trend reversal. As long as SOL holds above support, short-term long opportunities remain valid. A breakdown below $127 would shift focus toward $120 as the next downside area.

How High Can SOL Go?

In the short term, SOL has room for a 15–30% upside, targeting $150–$170. Sustained moves above $187 require strong volume and broader market strength.

📌 Final Verdict SOL is sitting at a critical decision zone. A short-term recovery is possible, but the overall structure remains bearish until major resistance levels are reclaimed with strength.