Solana Defends $126–$131 Support Zone – But Bears Aren’t Backing Down

Solana's playing defense at a critical price floor—yet the charts still smell like fear.

The $126–$131 lifeline

SOL bulls keep bouncing the price off this make-or-break zone. For now.

Technical headwinds mount

Despite the support hold, indicators scream 'caution'—because when has crypto ever made things easy?

The trader's dilemma

Buy the dip or brace for breakdown? One thing's certain: Wall Street's still calling it a 'speculative asset' between martini lunches.

• Solana holds firm at key $126–$131 support, aligning with the Fibonacci Golden Pocket and trend channel bottom.
• Price rebound targets $150 resistance, but the broader bearish structure remains unbroken with lower highs and lows.
• Failure to clear resistance risks renewed downside, with $126 and $117 as critical support levels to watch.

Solana has once again captured the market’s attention as it clings to a crucial technical support level, offering a glimmer of hope for bulls, but not without caution. According to the latest technical analysis by MakroVision, SOL has successfully defended the $126–$131 zone, which serves as a significant confluence area. This key support coincides with the “Golden Pocket,” a Fibonacci retracement level commonly watched by traders, and the lower boundary of a descending trend channel that has guided price action in recent weeks.

📈 #Solana Chart-Update – Bounce am Golden Pocket!

Solana hat den Bereich bei $131–$126 bisher punktgenau verteidigt – hier traf das Golden Pocket auf den unteren Rand des Abwärtstrendkanals. Die Bullen nutzen diese Zone für einen ersten technischen Bounce. 👀

🔍 Marktanalyse… pic.twitter.com/M8MjNtevos

The bounce off this support has initiated a technical rebound, pushing Solana’s price toward $150, a level that aligns with the upper edge of its trend channel. However, while this reaction may appear promising on the surface, analysts emphasize that the broader bearish structure remains firmly intact. Lower highs and lower lows continue to define Solana’s market trajectory, making this moment a potential inflection point but not yet a confirmed reversal.

Solana Eyes $150 After Bounce

The $131–$126 zone has held up as a vital area of confluence. Price reacted precisely where the Fibonacci Golden Pocket overlaps with the bottom of the descending trend channel. This alignment suggests that institutional and technical traders are closely watching these levels. Solana’s rebound has now brought it up to test resistance around $150. A breakout above this threshold WOULD be the first positive sign, but without confirmation above key swing highs, the move remains fragile.

Despite the bounce, Solana’s overall market structure continues to show weakness. The pattern of lower highs and lower lows underscores a still-active bearish trend. For a genuine trend reversal to occur, SOL must reclaim previous lower highs, specifically the $158 and $168 levels. Without regaining these areas, any upside MOVE risks being a temporary relief rally rather than a sustained shift in direction.

Traders are now watching the $150 level as the next key test. A confirmed breakout here could open the door for a larger recovery phase, potentially targeting $158–$168 in the coming weeks. On the flip side, failure to overcome this resistance zone could quickly put the $135–$131 support back in play. A decisive break below $126 would be especially bearish, exposing the market to further downside risk, with $117 as the next critical level.

Solana at a Technical Crossroads

“Solana has defended a critical technical zone, but the trendline remains unbroken,” MakroVision stated in its latest update. “Now the question is whether bulls have the strength to push beyond resistance and trigger follow-through.”

With the price currently hovering near resistance, SOL stands at a decisive moment. If bulls can generate strong momentum and break out above $150 with volume, it could signal the early stages of a reversal. Otherwise, solana remains vulnerable, and any signs of weakness could accelerate a return to lower price levels.

At the time of writing, Solana is trading at $ 140.99 with a 24-hour trading volume of $ 8.43B and a market cap of $ 75.52B. SOL price decreased by 2.65% in the last 24 hours.