Solana dropped below $135 after failing to hold above $142, with technical indicators showing bearish momentum and a key trend line forming resistance at $140 that could push the token toward $122 or even $115 if support levels at $132 and $130 fail to hold.
What Happened: SOL Breaks Key Support
The token declined sharply below $140 and $138, mirroring broader weakness in Bitcoin and Ethereum. A low formed at $130 before prices consolidated.
SOL now trades below both the $135 level and the 100-hourly simple moving average. The hourly MACD is gaining pace in bearish territory, while the RSI sits below 50.
Immediate resistance stands at $135, with the main barrier at $140 where a bearish trend line has formed on the hourly chart of the SOL/USD pair.
A close above $140 could open the path to $144 and potentially $150.
Also Read: Cardano Founder Accuses Ripple CEO Of Surrendering To SEC In Regulatory Fight
Why It Matters: Deeper Drop Possible
Support at $132 represents the first line of defense. The $130 level is critical.
A break below $130 could send prices toward $122. Further weakness below that zone may target $115 in the near term.
Read Next: ASTER Hits All-Time Low At $0.61 Despite Strategic Buyback Activation