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The action of Solana prices flashes warning panels while the lower pressure intensifies, threatening to push the asset below the $ 125 critical level of support. Despite previous recovery attempts, the sellers remain dominant, preventing any significant rise.
If soil does not hold this key support, it could trigger a wave of panic sales, accelerate losses and expose the price to deeper drops. With the feeling of the market suspended in balance, all eyes are on the fact that the bulls can stage a defense or if the bears will finally lose, preparing the ground for more decline.
Solana trend bearish pursu
The Solana prices table is currently showing a downward triangle training, reporting a continuation of the downward trend. Initially, Sol tried to go out above the upper limit of the triangle, but the burst Located a strong bullish momentum, leading to rapid rejection. This incapacity to maintain a movement upwards rejected the asset towards the lower limit of the triangle, where the level of support of $ 118 is now highlighted.
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With a continuous sale pressure, Solana could face an extended bearish movement, breaking below its current key support level and accelerating its decline. A confirmed breakdown under the lowering triangle would lead to a drop Around $ 118, the first large support area. However, if the downward dynamics are intensifying, this level may not hold.
Below $ 118, the next large support is at $ 99, where some buyers could try to slow down. If this level fails to ensure stability, soil could slide around $ 79, a crucial psychological and technical support area.
Continuous market weakness feeling Can push the price even lower, with $ 58 in play. For the moment, bulls Must intervene to defend these levels, or Solana risks an extended bearish phase.
Can $ 118 sparkle up again bruised
The level of support of $ 118 has become a critical area for soil, many traders closely supervising to see if it can trigger a bullish Turn around. Historically, this level acted as a solid request zone, where buyers intervened to absorb the sales pressure and push higher prices. If a similar market behavior takes place, Sol could see a rebound from this point.
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According to Curb, in a X post On March 15, he planned that the eyes of Solana prices decline In terms of support of $ 118 before undergoing a potential rebound. He estimates that a high demand in this area could trigger a significant increase in prices at the bar of $ 1,000 in the long term.
Fundamental factors, such as positive news on Solana’s ecosystem, increased network adoption or improving the global feeling of the market, could also act as catalysts for a price recovery. An increase in the volume of purchase, in particular whales and institutional investors, is likely to provide the momentum necessary to move the feeling of the market.
Adobe Stock star image, tradingView.com graphic
