Solana Horizontal Support Under Pressure – Bearish Target At $142

Solana (Sol) is currently sailing in a demanding environment since the wider cryptocurrency market experiences a recovery time. After an impressive race at the beginning of this year, the momentum has slowed down significantly and is struggling to claim the level of $ 160 with conviction. The lack of a strong question was evident in recent sessions, since the pressure of the purchase of pressure and volume remains low among the main Altcoin.

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Despite this cooling phase, many investors remain optimistic. A growing number of market participants believes that Solana could guide the next Altseason once the conditions are stabilized and liquidity returns to the market. Historically, Sol has shown the ability to recover quickly and overperform in bullish phases, making it one of the best contenders for explosive rise when the feeling moves.

However, in the short term, caution prevails. The main analyst Carl Runefelt has highlighted a key technical development, noting that Solana could be about to break a horizontal support area. This event could trigger a further disadvantage in the short term. If this support fails, the traders should prepare for greater volatility. However, the broadest consensus remains that the structural strength and the development of Sol ecosystem position it well for long -term rise once the macro conditions are aligned.

Solana Faces Bear Banding Banding Risk Risk as the uncertainty increases

Solana was blocked in a restricted range just below the sign of $ 160, fighting to recover the key levels despite the many attempts. For several days, the momentum is faded and, with the global markets under pressure, the traders are preparing for greater volatility. The wider cryptocurrency market is losing steam while Bitcoin and Ethereum are unable to support moves upwards, which puts greater pressure on Altcoin as Solana.

The geopolitical tensions between the United States and China continue to weigh on the feeling of investors, with ongoing tariff controversies and increasing bonds that feed macroeconomic uncertainty. The market of US bonds, in particular, is signs of signs of stress, adding to the caution of risk activities. If these conditions persist, altcoins can face a demanding period while capital retires in more stable activities such as Bitcoin or comes out completely on the market.

Runefelt recently highlighted a key technical model on Solana’s graphic designer, a bear flag that forms around the horizontal support. According to its analysis, this structure could break down any hour now, which would confirm the bearish configuration and potentially send Sol towards the level of $ 142. This goal is aligned with the previous support areas and could act as temporary bottom if the largest market is stabilized.

Despite short -term risks, long -term feeling around Solana remains cautiously optimistic. The continuous development of the network and the strong presence of DIFI could feed a recovery once the market conditions improve. For now, however, the traders are looking closely at the resistance of $ 160 and the support area of ​​$ 150– $ 152, which could determine the next directional move. A clean break below the support could probably trigger a sales wave, while a remediation of the $ 160 level could invalidate the bearish configuration and open the door for a bullish reversal.

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Sol test the key support while the bearish momentum accumulates

Solana (Sol) is currently exchanged at $ 152.62 in the 4 -hour table, testing a critical horizontal support area while the reliable moment continues. The recent action of prices shows a clear downward trend, with low and minimums lower from the refusal from the area of ​​$ 176- $ 180 in late May. All the key averages key-34 EMA, 50 SMA, 100 SMA and 200 SMA-Sono placed above the current price, reporting short-term weakness and a lack of bullish momentum.

The volume is slightly collected as the price approaches the support, suggesting an increase in market interests at this level. However, the inability to break above 34 Ema (currently at $ 157.70) strengthens the opinion that the sellers still have control. The flattening SMA of 200 to $ 165.31 and the drop of 50 SMA about $ 159.82 indicates that Sol must recover the $ 160– $ 165 area to resume strength.

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If the $ 150– $ 152 support range cannot hold up, Solana could break down and hit the next key support area around $ 142, in line with the planned move of the Flag Bear model identified by analysts. For now, bulls must defend this level to prevent deeper losses and keep a short -term recovery alive.

First floor image from Dall-E, TradingView chart