Solana (SOL) Holds at $140—But Is a Plunge to $110 Looming?

Solana's SOL treads water near $140 as traders eye a potential breakdown toward $110. The weekly chart structure looks shaky—are bulls about to get rekt?

Key Levels to Watch

$140 is the line in the sand. Lose it, and SOL could freefall toward $110 faster than a DeFi rug pull. Hold it, and we might see another leg up before the next FOMO wave hits.

Market Sentiment Split

Traders are divided—some see this as healthy consolidation after SOL's recent rally, others smell blood in the water. Meanwhile, Bitcoin maximalists are (as always) yelling 'I told you so' from the sidelines.

Closing Thought

Solana's tech keeps improving, but in crypto-land, fundamentals often take a backseat to leverage-fueled liquidations. Watch those levels—unless you enjoy donating to the margin call gods.

Daily Chart Shows Rejection, But Structure Still Intact

After a quick big move up, a pullback is normal. What matters is how the price behaves as it pulls back. The zone between $124-$127 lines up with an unfilled bullish fair value gap and is NEAR the previous swing lows. These factors put together create an important zone.

If solana falls back into this range and shows demand, like slower selling, long lower wicks, or a period of sideways movement, it would suggest the drop is a correction, not a change in the overall trend.

BATMAN suggests that this support, if held, might be setting up an inverse head and shoulders pattern. This WOULD imply that buyers are indeed defending higher lows and keeping the uptrend intact. A price attempt toward the $140–$146 resistance might try to revisit once more.

Source: X

A break above this range would set eyes higher. The failure of the fair value gap to fill and a price break below the previous low weakens the bullish case and opens the risk toward sliding down to the $118–$120 region.

Solana Stalls Near 140 After Prolonged Consolidation

On the weekly chart, SOL is hovering around the $140 level after months of sideways movement, failing multiple times to get back into the $180–$200 area. It clearly shows that the bullish momentum has cooled since the rally earlier.

The $125–$135 range remains a significant demand zone on the weekly timeframe. If SOL closes below this region for weeks, it could further decline into the $110–$100 region, where buyers have previously shown aggression. Momentum indicators are suggesting a cautious outlook.

Source: Tradingview

RSI stands around 42, which is below neutral and not oversold-a level at which SOL normally bottoms during the past. MACD remains negative, with no bullish cross taking place, while CMF at -0.07 suggests money is only mildly leaving the market.