According to a recent technical update from MakroVision, Solana (SOL) has successfully defended a crucial support zone between $126 and $131. This area, where the Golden Pocket aligns with the lower boundary of its descending trend channel, provided the foundation for a technical bounce. However, the broader downtrend remains intact, and the bulls still face significant hurdles.
Key Technical Insights:
- Support Zone Holds Firm
The $126–$131 range has acted as a strong confluence zone, preventing further declines. SOL is now testing resistance near $150, which coincides with the upper boundary of the descending channel. A breakout above this level would be an early bullish sign, though confirmation is still needed. - Downtrend Persists
Despite the recent rebound, Solana’s market structure remains bearish, characterized by lower highs and lower lows. For a sustained bullish reversal, SOL needs to reclaim key levels above $158 and $168 — previous lower highs that have capped upside momentum. - Next Key Moves
A successful break above $150 could pave the way for a broader recovery. If resistance holds, attention will shift back to the $135–$131 support zone. A failure to hold this level could push SOL down toward the next major support near $117.
Outlook: A Critical Inflection Point
“Solana has defended a critical technical zone, but the trendline remains unbroken,” MakroVision stated. The current price action marks a make-or-break moment. Without a decisive breakout above the channel resistance, the prevailing bearish trend is likely to continue, keeping $117 as the next downside target.
June 2025, Cryptoniteuae
