Solana Eyes Critical Support Zone at $131–$126 as Downtrend Deepens
Solana's recent price action paints a bearish picture, with the asset now targeting a critical support cluster after failing to hold the key $142 Fibonacci level.
According to a new technical breakdown from MakroVision Research, SOL is testing $136, with analysts watching the “Golden Pocket” zone between $131 and $126 as the next major battleground.
Downtrend Intact: Lower Highs Signal Weak Bulls
MakroVision notes that Solana remains locked in a clear downtrend, characterized by lower highs and the lack of any technical reversal:
- The recent rally toward $188 was heavily sold off, revealing strong resistance and weak bullish momentum.
- No signs of an impulsive recovery or reversal have emerged on lower timeframes, reinforcing bearish bias.
Key Support Zones and Rebound Scenarios
Solana now faces two major support levels:
- $131–$126: A confluence of 0.618–0.665 Fibonacci levels and horizontal price support. This support cluster is considered crucial for bulls to defend.
- $117: The last structural support level, closely aligned with a descending trendline, representing a breakdown risk if $126 fails.
What Comes Next?
MakroVision outlines two possible scenarios:
- Bullish Rebound at $131–$126
If SOL rebounds strongly from this zone, a move above $153 could trigger a short-term rally targeting $170 and eventually $188, reactivating bullish momentum.
- Break Below $126
A decisive breakdown below the $126 level would likely send Solana toward $117, increasing the likelihood of a continued bearish trend and putting longer-term support structures at risk.
Conclusion: A Critical Decision Zone Ahead
With the price structure still bearish, Solana’s future trajectory hinges on how it reacts to the $131–$126 support zone. A failure to hold this range could confirm another leg down, while a strong bounce may signal the return of bullish sentiment.
Investors and traders now await confirmation as Solana enters a key technical decision area.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
