Solana $SOL $(SOL) — Market Outlook (1M Chart Analysis)
Current Price: ~$140
Trend: Short-term correction within a larger bullish structure.
📌 What the chart is actually showing
1. Major Resistance:
$295–$310 zone → strong rejection twice.
This is the breakout level needed for SOL to target $400+ again.
2. Current Support Zone:
$135–$120 area → buyers previously stepped in here.
Price is slowly approaching this zone again.
3. Moving Averages:
MA(7) crossing below MA(25) = short-term bearish momentum.
But long-term structure is still intact unless SOL breaks $120.
4. Volume Insight:
Declining volume on the drop → sellers are losing strength.
If volume spikes near $130–$120, expect a bounce.
📉 Bearish Scenario
If $135 breaks with volume → SOL may retest $120.
If $120 breaks → next support is $95–$100.
📈 Bullish Scenario
A bounce from $135–$120 zone could send SOL back to:
$165
$183
$246 (major resistance)
Break above $246 = trend reversal and potential move to $295.
🔥 Quick Prediction (Not Financial Advice)
High probability: SOL retests $135–$120 before any big move.
If buyers defend that zone → SOL may see $165–$180 in the next move.
If BTC stays stable, SOL is one of the fastest recoverers.
⚠️ What to watch
RSI oversold bounce
Volume spike near support
MA(7) trying to curl upward
