Solana Struggles Below $125 but Shows Signs of a Potential Reversal

Solana (SOL) continues to face strong bearish pressure, struggling to regain momentum. However, a higher low formation suggests buyers are stepping in at slightly stronger levels, hinting at a possible reversal.

A major obstacle remains the death cross, where short-term moving averages dip below long-term ones, reinforcing a prolonged downtrend. This pattern makes it difficult for SOL to break out of its current range. Key resistance levels at $143 and $169 must be breached for a sustained recovery. Previous attempts have met lower highs, indicating continued selling pressure.

Market conditions further complicate Solana’s outlook. If Bitcoin and other major assets remain weak, SOL could face additional downside risks. Failing to hold support above $125 may lead to further declines. However, maintaining this level could spark a short-term rally, potentially testing resistance.

Despite these challenges, investor resilience is evident in recent price action. Traders should closely watch SOL’s movement in the coming days. A breakout above resistance could signal a shift in momentum, while failure to hold key support may deepen the bearish trend. Broader market sentiment and investor confidence will ultimately determine whether Solana is on the path to recovery or further losses.