Solana (SOL) Faces Pullback After 14% Surge: Key Levels to Watch

Solana (SOL) saw a sharp 14.5% rally from $119.58 to $136.01 between April 11 and 14, signaling strong bullish momentum. However, the altcoin is now undergoing a healthy correction phase, showing signs of consolidation. The $16.42 range swing during this period reflects a notable 13.7% price volatility, attracting both traders and investors monitoring high-volume breakouts.

Peak trading activity occurred between April 12 and 13, but momentum indicators now suggest a weakening of buying pressure. SOL has since formed a descending resistance trendline from its recent $136 peak, indicating short-term bearish sentiment.

Price action has shifted into a consolidation pattern, with lower highs suggesting caution among buyers. The $126-$127 region has emerged as a key support zone, repeatedly defending against deeper pullbacks. Additionally, the 50-hour moving average has now flipped into dynamic resistance, capping any immediate upside.

Should SOL lose support at $125.67, the likelihood of further downside increases. This level is critical for maintaining bullish structure in the short term. Traders will be closely watching whether consolidation holds or breaks, as this will shape the next directional move.

As Solana continues to be one of the top-performing Layer 1 blockchains in 2025, short-term volatility could present trading opportunities. However, a confirmed break below key support zones could shift market sentiment bearish in the near term.

For those eyeing entry points or evaluating risk, keeping an eye on trendline resistance and volume indicators remains essential. SOL’s ability to reclaim and hold above $130 will be an important signal of renewed momentum.