Solana Hovers Near $140 as Pressure Builds, Break Below Could Send Price Toward $100

Solana risks deeper losses as price nears $140 support; drop could extend toward $100 zone.

MACD turns negative, RSI at 40.03—technical signals show weak momentum and market indecision.

Volatility expected as Bollinger Band narrows to 19.77% and trend strength remains weak.

Solana is facing critical market pressure as it hovers near a key technical support level. Traders are closely watching the $140 zone, which is seen as a line separating consolidation from a deeper correction. Market observers note that a breakdown below this level could lead to a drop toward the $100 region, erasing a portion of Solana’s recent gains.

Price Struggles Near Support as Momentum Weakens

Ali Charts, a crypto analyst, noted that Solana’s recent move below $144 places it in a vulnerable position. The support at $140 has so far provided some cushion, yet price movement remains fragile. At press time, Solana is trading at $147.17, just below key resistance near $150.

Technical indicators give a mixed indication. MACD has moved to negative territory with a value of -2.74 indicating short term weakness. Its Relative Strength Index (RSI) is 40.03 which means neutral momentum. Nonetheless, the price is not in oversold areas, which is an indicator of making a recovery or continuing the downward trend.

Source: AgentXBT(X)

According to an observation by AgentXBT, SOL is being squeezed between $141 and $147. This narrow range reflects ongoing market indecision as traders wait for a clear breakout or breakdown.

Volatility and Market Trends Offer Mixed Guidance

The Bollinger Band width has narrowed to 19.77%, which often signals a period of upcoming volatility. The Directional Movement Index (DMI) reads 27.9/37.6, while the Average Directional Index (ADX) sits at 14.8. These figures point to weak trend strength and a sideways trading range.

Source: BitGuru(X)

BitGuru, another market tracker, mentioned that SOL has formed a W-shaped reversal and is still holding support at $140. “As long as this range holds, an upward breakout toward $155+ looks likely in the coming sessions,” BitGuru shared on X.

However, a fallout below the $140 price might push the Solana down to the $123 or even 100 as past support levels are located there. The increase in risk-off dynamics within equities is suggested to affect crypto assets since traders are recommended to shift their focus to a wider market sentiment.

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