Solana Tests Key Support at $142—Will Bulls Defend the Uptrend?
The post Solana Tests Key Support at $142—Will Bulls Defend the Uptrend? appeared on BitcoinEthereumNews.com. Altcoins Solana (SOL) has pulled back more than 24% from its recent high near $188, now retesting the 0.5 Fibonacci retracement level at $142—a critical threshold that could determine whether the medium-term bullish trend remains intact. According to data from market analysts at Makrovision, the coming days will be pivotal as SOL navigates a cluster of strong technical supports. Technical Breakdown 1. Trend Structure Under Pressure The retracement appears corrective, but lacks a strong bullish reaction at key levels. SOL is now testing the $142 low again, with no visible reversal signals emerging yet. 2. Crucial Support Levels $142 – Currently acting as the 0.5 Fibonacci retracement and immediate support. $135–$131 – Known as the “Golden Pocket” zone, this area combines Fib levels with horizontal price support. $126 – Considered the last defense for the medium-term bullish structure. A breakdown below this could invalidate the broader uptrend. 3. What to Watch Next A strong bounce from $142 or the Golden Pocket could propel SOL back toward $159 or even $170. A drop below $126 would signal a deeper trend reversal, placing bears in control. Conclusion Solana is at a technically decisive juncture. While a rebound remains possible from the current zone, bulls must act quickly to reassert control. Without a reaction, support may continue to erode, potentially leading to a trend breakdown. All eyes are on the $142–$126 range—how SOL behaves here could shape the trajectory for weeks to come. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced…

The post Solana Tests Key Support at $142—Will Bulls Defend the Uptrend? appeared on BitcoinEthereumNews.com.
Altcoins Solana (SOL) has pulled back more than 24% from its recent high near $188, now retesting the 0.5 Fibonacci retracement level at $142—a critical threshold that could determine whether the medium-term bullish trend remains intact. According to data from market analysts at Makrovision, the coming days will be pivotal as SOL navigates a cluster of strong technical supports. Technical Breakdown 1. Trend Structure Under Pressure The retracement appears corrective, but lacks a strong bullish reaction at key levels. SOL is now testing the $142 low again, with no visible reversal signals emerging yet. 2. Crucial Support Levels $142 – Currently acting as the 0.5 Fibonacci retracement and immediate support. $135–$131 – Known as the “Golden Pocket” zone, this area combines Fib levels with horizontal price support. $126 – Considered the last defense for the medium-term bullish structure. A breakdown below this could invalidate the broader uptrend. 3. What to Watch Next A strong bounce from $142 or the Golden Pocket could propel SOL back toward $159 or even $170. A drop below $126 would signal a deeper trend reversal, placing bears in control. Conclusion Solana is at a technically decisive juncture. While a rebound remains possible from the current zone, bulls must act quickly to reassert control. Without a reaction, support may continue to erode, potentially leading to a trend breakdown. All eyes are on the $142–$126 range—how SOL behaves here could shape the trajectory for weeks to come. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced…
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