Solana Eyes Major Resistance After $140 Reclaim, But Analyst Questions SOL’s Strength
As the market rebounds, Solana (SOL) is retesting an important space that has served as resistance because the November pullbacks. Some market watchers recommend {that a} short-term rally is probably going, whereas others have highlighted potential indicators of weak spot.
Solana Eyes $144 Resistance
Solana is making an attempt to show the $140 space into help whereas nearing a key native resistance for the third time in a month. The cryptocurrency has been buying and selling between the $120-$144 ranges since mid-November, struggling to carry the high zone of its native vary amid the current market volatility.
Last week, it bounced 10% towards the $140-$144 space however plunged to the vary lows after Sunday’s correction, hitting a one-week low of $123 on Monday. As a consequence, it examined an ascending trendline that has served as help since 2023.
Ali Martinez explained that in the course of the pullbacks, SOL has retested this key help trendline. Notably, every time the cryptocurrency has tapped this trendline, it has registered sturdy rebounds within the following months, suggesting that the worth may rally greater than 80% within the mid-term if this help holds.
Following Tuesday’s market rebound, SOL climbed again to the vary’s highs, making an attempt to interrupt above the native vary as soon as extra. Market observer More Crypto Online affirmed that Wednesday’s rejection from $144 was anticipated, because it has been a robust resistance for weeks.
The dealer considers that traders shouldn’t fear so long as the mid-zone of its vary, between the $134-$139 ranges, holds as help. “It’s not likely a breakdown but; we simply have a primary sharp pullback,” he affirmed, emphasizing that there’s no proof that bears are taking the lead.
He famous that breaking under the mid-zone of its vary would open the door to a retest of the current lows and probably threat a drop to the $117 space or decrease. Nonetheless, if bulls take the lead and reclaim the $144 degree as help, it is going to open the door to a retest of upper ranges, together with the $163 degree, the place the main subsequent promote wall for SOL is situated.
Is SOL’s Crucial Support Weakening?
Meanwhile, Rekt Capital shared an evaluation on longer timeframes, declaring that Solana has been shifting inside a transparent macro vary, located between the $123 and $296 ranges, within the month-to-month timeframe, clustering on this space since early 2024.
Per the analyst, the cluster has been growing for an prolonged interval, and the potential for distribution and its operate as a re-accumulation construction decreases the longer it continues.
Despite this, he emphasised that the main focus is on the 21-month horizontal help degree. As the evaluation famous, Solana recorded a 140% rally in the course of the first main rebound from the area in Q3 and This fall, 2024.
In the second rebound from this support, which began in Q3 2025, SOL noticed a considerably smaller rally, surging round 100% to its September native high. Now, the cryptocurrency is rebounding from this degree, which may affirm a reducing development for the altcoin and lift the alarm about its power.
“While it’s constructive to see this rebound, if the transfer turns right into a weaker rebound than the earlier ones, then questions will come up concerning the power of this help,” Rekt Capital asserted.
To forestall this, Solana should breach the one-year downtrend or the multi-week downtrend on the weekly timeframe. “Failing to interrupt both of those trendlines would produce a smaller rally as a result of the prior rebound — the one which rallied round 100% — would fall quick and reject from these downtrends as an alternative.”
The analyst concluded {that a} sequence of progressively smaller bounces “would indicate rising weak spot into that help, which in flip would favour the potential for distribution in Solana over time.”