Analysis from MakroVision Research indicates that Solana is testing important support levels while maintaining a bearish trend.
Current Situation and Bearish Trend
According to MakroVision, Solana remains locked in a clear bearish trend characterized by falling prices and a lack of recovery signals. The recent rally toward $188 was heavily sold off, confirming strong resistance and weak bullish momentum.
Key Support Levels
Currently, Solana faces two key support levels:
* $131–$126: This zone is a confluence of the 0.618–0.665 Fibonacci levels and horizontal price support. Defending this area will be critical for bulls. * $117: The last structural support level, which is at breakdown risk if $126 fails.
Outlook and Possible Scenarios
MakroVision outlines two possible scenarios:
* **Bullish Rebound at $131–$126**: If SOL rebounds from this zone, a move above $153 could trigger a short-term rally targeting $170 and eventually $188. * **Break Below $126**: A decisive breakdown below the $126 level would likely send Solana toward $117, increasing the likelihood of continued bearish trend.
With the current bearish structure, Solana's future depends on how it reacts to the key support zone of $131–$126. Failing to hold this range could confirm further declines, while a strong bounce may signal a return of bullish sentiment.
