Solana Slides Below $130 as Bears Target $115 — $126–$132 Make-or-Break

Solana slips back under $130 as bearish pressure builds Solana (SOL) failed to hold above $132 and has extended losses, slipping below $130 and the 100-hour simple moving average. After dropping in step with Bitcoin and Ethereum, SOL hit a low near $117 and is now consolidating those losses, recovering slightly to clear the 23.6% Fibonacci retracement of the move from $132 to $117 (Kraken hourly data). Short-term technical picture - Momentum: Hourly MACD is losing pace in the bearish zone; RSI sits below 50, showing downside bias. - Moving averages: Price is trading under the 100-hour SMA. - Trend line: A bearish trend line on the hourly chart presents resistance near $126. Key levels to watch - Immediate resistance: ~$125 (50% Fib retracement of the $132→$117 drop). - Near-term resistance: $126 (trend-line) and $132 (critical zone). A decisive close above $132 would open the way toward $140 and potentially $144. - Support: Initial support around $119. Major supports at $117 and $115; a break below $115 could see SOL slide toward $102. Outlook If bulls can defend $118–$115, SOL may attempt a recovery; failing to overcome the $126 resistance, however, would likely resume downside pressure. Traders should watch the $126–$132 area for signs of a breakout or rejection and monitor MACD/RSI for shifts in momentum. Read more AI-generated news on: undefined/news