Solana is attempting to hold its ground around the key support region at $126, but the weak rebound signals that bulls are struggling to generate meaningful buying momentum. This lack of strength suggests that sellers remain active and continue to dominate the market structure in the short term.

If the price turns lower from the current level or gets rejected near the 20-day EMA at $145, it will indicate that bears are defending higher levels with conviction. In this scenario, the SOL/USDT pair faces a real risk of breaking below the critical support at $126.

A successful breakdown could trigger a deeper correction, with the next downside targets sitting at $110, followed by the more substantial support zone near $95.

On the other hand, if buyers manage to push SOL above the 20-day EMA and secure a daily close, it would signal an attempt by bulls to regain control. A recovery of this kind could pave the way for a move toward the 50-day SMA at $174, which remains an important resistance area to watch for a potential trend shift.

The RSI is hovering in bearish territory, reinforcing the view that sellers retain momentum, though conditions may favor short-term relief bounces if oversold signals intensify.

📌 Suggested Trading Plan (Entry – TP – SL)

🔵 Buy Setup (Bullish Scenario)

Buy entry: Above $145 (confirmed breakout of the 20-day EMA)

Take profit:

TP1: $160

TP2: $174

Stop loss: $135

🔴 Sell Setup (Bearish Scenario)

Sell entry: Rejection from $145 or break of $126

Take profit:

TP1: $115

TP2: $110

TP3: $95

Stop loss: $150

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