Solana (SOL) Loses Footing Below $135 as Bears Pressure Market
Solana (SOL), one of the most closely watched altcoins this cycle, has shown renewed signs of weakness after failing to hold key price levels — putting traders and investors on alert for possible deeper downside moves. Recent price action shows SOL slipping below the critical $135 zone, with the token now consolidating losses below $130 and challenging shorter-term support levels. This move follows a series of failed attempts to break above resistance near $140–$145, resulting in a bearish tone across charts.
Coinccino 
Price Breakdown & Technical Pressure
- SOL’s break below $135 came amid renewed selling pressure, with bears gaining the upper hand and pushing prices lower in recent sessions.
- The token is now trading beneath the 100-hour simple moving average, a technical signal that often points to short-term weakness.
- Analysts point out that unless SOL can reclaim resistance near $130–$132, the breakdown could continue toward deeper support levels — with $125 and $120 emerging as key areas to watch.
A dip below $125 could intensify bearish sentiment and open the door for even lower levels if selling pressure persists.
What’s Fueling the Weakness?
Several factors have contributed to Solana’s struggle:
1. Lack of Buying Momentum Near Resistance
SOL has repeatedly failed to maintain upward momentum around resistance bands near $140–$145, keeping sellers in control and discouraging fresh longs from stepping in.
2. Market-Wide Risk Aversion
Broader risk-off sentiment in crypto markets — influenced by macroeconomic uncertainty and correlation with equities — has left altcoins like Solana more vulnerable to declines.
3. Weak On-Chain Demand & Circulation
Recent data suggests Solana’s on-chain activity and velocity have declined, signaling that fewer tokens are actively trading hands — another sign of weakening demand and user engagement.
Why This Matters for Traders
Solana’s struggle below $135 highlights how quickly market dynamics can shift in volatile conditions. Bears appear to have the edge in the short term, and traders may want to watch support levels closely to gauge whether a further sell-off is imminent:
- Break below $125: Could signal deeper correction
- Reclaim above $135: Might offer relief and reset trend sentiment
- $130 zone: Immediate battleground between bulls and bears
Until SOL decisively takes back overhead resistances, short-term players may remain cautious, waiting for stronger volume or catalysts before committing to new positions.
