Solana is facing strong selling pressure, and its price fell to the **$102–103** range. The drop drew attention because trading volume surged, indicating considerable market activity.

The question now is whether this zone could become an opportunity or if there’s still room for a deeper drop.

## Important support levels

The first support level is between **$101.70 and $102.60**, where buyers are currently stepping in. It’s also an important level because it coincides with the recent low.

If this support does not hold, the next psychological level would be near **$100**. Losing that zone on volume could open the way to lower levels and show that selling pressure is still dominant.

## Resistance levels to reclaim

To start showing signs of recovery, SOL would first need to reclaim the **$108.50–$110** zone, where moving averages and previous trading areas converge.

The most important resistance lies between **$112.60 and $113.40**. Breaking above that range with buying volume would signal greater strength and could change market sentiment in the short term.

## Bullish and bearish scenarios

**Bullish scenario:**

SOL holds the **$101.70–$102.60** support, reclaims **$108.50–$110**, and then attempts to break above **$112.60–$113.40**. In that case, the drop could be creating an opportunity for a recovery.

**Bearish scenario:**

The price loses **$100–$101.70** on heavy volume. That would indicate that demand is still insufficient and that buyers prefer to wait for lower levels.

## Conclusion

Solana is entering a zone that could be interesting, but selling volume is still high. In my view, this is not about buying simply because the price has fallen; the key is to watch whether **$101.70–$102.60** holds as support and whether the price can reclaim **$108.50–$110**.

If those levels are reclaimed, the structure could improve. If they are lost, it would be more prudent to wait before assuming that a bottom has formed.

**Would you buy SOL near $102, or wait for confirmation above $110?**

#Solana #SOL #Crypto #Altcoins $SOL

*Disclaimer: This is not financial advice. Do your own research (DYOR).*