A breakout above $165 could revive bullish momentum, while a drop below $135 risks exposing Solana to deeper support near $120.
The crypto market volatility is increasing everyday, mainly led by the Bitcoin price action, which is displaying massive upward pressure. Meanwhile, Solana (SOL) price is trading at critical support zones as the broader crypto market steadies ahead of a heavy macro week featuring US inflation updates, retail sales data, and fresh FOMC commentary.
While Bitcoin’s drop below $94,000 briefly shook risk sentiment, Solana price is showing early signs of resilience, supported by improving liquidity conditions and renewed ETF-driven interest.
Solana is stabilizing above the $141-$143 support range, recovering from last week’s corrective slide triggered by broader market volatility. The recent retest of $140 attracted steady buying interest, indicating that dip-buyers remain active despite the market’s cautious sentiment ahead of this week’s US inflation and FOMC-related data.
Solana’s weekly chart shows the price rebounding from a key demand zone near $135-$140, aligning with the lower boundary of its long-term ascending channel. Despite recent volatility, SOL continues to respect this multi-year trend structure. Immediate resistance lies around $160-$170, where the price previously stalled. The RSI hovering near the mid-40s indicates cooling momentum but not a breakdown, while CMF remains slightly positive, signaling steady capital inflows.
As long as SOL holds the channel’s lower trendline, the broader bullish structure remains intact, though upside recovery may be gradual.
Solana is entering a decisive phase as its weekly structure still favors a broader uptrend, but momentum remains fragile. Holding above the $135-$140 demand zone is essential for preventing a deeper slide toward the lower support near $120. A recovery above $165 would signal renewed strength and open the door to a move toward $185-$200. Until then, SOL is likely to trade cautiously, with macro sentiment and liquidity flows guiding the next major breakout or breakdown.
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