Solana is at a precarious moment after its latest rise hit a long-time resistance area. People in the market are watching whether pullbacks become a healthy pause or show bigger weakness.
Below are recent chart notes from analyst BATMAN that explain how the current price action fits into a bigger technical view on both daily and weekly timeframes.
Also Read: Solana (SOL) Surpasses Ethereum in Tokenized Stock, Eyes $250 Price Target
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.
Also Read: Solana Price Shows Rebound Potential After Hitting Key Resistance
