Solana price weak rebound from $131 support tests resistance at $165–$179. Low trading volume suggests limited strength, raising the risk of a continuation in the bearish trend.
Summary
- Support: $131 remains the key structural level to defend.
- Resistance: $165–$179 range must be broken for trend reversal.
- Volume: Weak participation limits bullish momentum.
Solana (SOL) price has experienced a modest recovery following a retest of the $131 support level, a region that previously acted as a structural pivot during prior corrections. Despite the short-term bounce, the move has been characterized by notably low trading volume, indicating a lack of bullish conviction.
The price now approaches the $165–$179 zone, which serves as the current value area low and a critical resistance range that will determine whether Solana can extend its rally or resume its downward trajectory.
Solana price key technical points
- Support Rebound: Solana bounced from the $131 high-timeframe support zone.
- Resistance Cluster: Price faces resistance at $165–$179, aligning with the 0.618 Fibonacci level.
- Weak Volume: Low bullish participation suggests caution amid fading momentum.
From a technical perspective, Solana’s structure remains fragile despite the recent rebound. The $165 region represents the value area low, while $179 corresponds with the 0.618 Fibonacci retracement, both forming a significant confluence zone of resistance. A decisive breakout above this range is required to shift short-term momentum in favor of the bulls.
Failure to reclaim $179 would indicate that this is simply another lower high in the broader bearish trend, setting the stage for a potential rotation back toward the $131 support region. The $131 zone remains a major demand area, and multiple rejections below it could drive deeper price exploration toward untapped liquidity levels beneath $120.
Current volume data further reinforces the cautionary tone. The rally from $131 has not been supported by meaningful bullish influxes, making it vulnerable to a sharp reversal if market sentiment weakens. Without sustained buying pressure, this rebound risks being classified as a corrective relief rather than a trend reversal.
Broader market conditions remain uncertain, with Bitcoin consolidating near key levels and overall altcoin momentum appearing weak. Solana’s inability to attract strong participation at this stage highlights that the market remains cautious and risk-off, especially following recent corrections across major cryptocurrencies.
What to expect in the coming price action
As long as Solana holds above $131, short-term bounces remain possible, but confirmation of an actual reversal requires a clean break above $179. A failure to do so will likely result in renewed selling pressure and a return to range-bound trading.
