Solana Holds Bullish Pattern – Expert Sets $140 Target

Solana (Sol) was subjected to intense sales pressure, with the price that has not recovered the levels of key resistance after weeks of market conditions guided by fear. Bulls lost control when Sol went down below $ 180, a crucial support level that had previously been kept firm. Since then, the bearish sentiment has dominated, with a speculation that increases a potential bears market for Sol and the wider Altcoin sector.

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Despite this negative perspective, there could be a glimmer of hope for Solana’s bulls. The high -level analyst Ali Martinez shared a technical analysis on X, revealing that Sol is forming a bullish channel in the short -term period of time. This model suggests that if Solana is valid within this training, it could follow an increase in higher price levels.

In order for this upright scenario, Sol must contain the lower trend line of the channel and push towards higher resistance. A breakout from this model could signal a strong recovery, potentially reversing the downward trend that dominated the market for weeks. However, if Solana cannot maintain this structure, the risk of a further disadvantage remains high. The next few days will be crucial to determine the short -term direction of Sol.

Solana faces risks in the midst of volatility

Solana has undergone an incessant sales pressure since it reached maximum of all times of $ 261 in January, now falling by 61% from that peak. As hopes in a massive fading of bulls, speculation around a potential bears market continues to grow. The largest macroeconomic environment remains unfavorable, with fears of the commercial war and economic uncertainty that push not only the cryptocurrency market but also the United States share market.

Investors are now looking for signs of reinversion and the technical indicators suggest potential short -term recovery. Martinez’s analysis on X reveals that Solana is forming a bullish channel and is observing a climb from the base of the channel to resistance higher than $ 140. If this model is valid, Sol could push towards $ 140 and even higher levels, reporting a rescue rally.

In order for this upright perspective to materialize, Solana must maintain its current trend support and break through the key resistance levels. If Sol cannot contain this channel, he could face a further disadvantage, strengthening the fears of a prolonged bear market. The next few days will be crucial in determining if Solana can recover the momentum or continue her trajectory downwards.

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Solana struggle while the bulls fight to regain momentum

Solana (Sol) is currently exchanged at $ 129, after days of consolidation between $ 136 and $ 111. The price action remains uncertain, with the bulls fighting to resume control after weeks of sales pressure.

For a potential reversal, Sol must break above the level of resistance of $ 140 and push towards $ 160, a key level that would report a movement of the market structure. If the bulls successfully recover these prices, it could start a stronger recovery phase, potentially attracting new buyers on the market.

However, if Solana cannot hold the support of $ 125, it could trigger a wave of sales pressure, sending the price to lower demand areas. A pause below this level could expose sol to a drop in $ 110 or even lower, strengthening the concerns that the current reduction tendency is far from over.

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The next trading sessions will be crucial in determining if Solana can recover the momentum or if further drops are in advance.

First floor image from Dall-E, TradingView chart