Solana’s price faces mounting pressure at $160 support as bearish momentum persists. Consecutive lower highs and weak volume signal the risk of a deeper correction.
Summary
- Solana retests $160 support amid ongoing bearish structure.
- Weak volume indicates fading buyer strength.
- A breakdown below $160 could target $131 as high-timeframe support.
Solana price key technical points
Solana (SOL) price continues to show weakness as the price hovers around the $160 high-timeframe (HTF) support, a level that has already been tested multiple times.
Despite a temporary bounce from this zone, market structure and volume analysis point to growing bearish momentum that could lead to a breakdown if the level fails to hold.
- Support: $160 remains the last major HTF defense level for Solana.
- Downside Target: $131 support level aligns with the next major liquidity area.
- Market Structure: Consecutive lower highs and lower lows confirm the bearish trend.
The current market structure on Solana remains distinctly bearish. Since losing the point of control (POC) earlier this month, the price has been forming consistent lower highs and lower lows, a classic indicator of sustained downside momentum. A backtest of the HTF resistance zone triggered another strong rejection, sending price action back toward the key $160 support.
While this region initially provided a short-term bounce, the ongoing second retest is showing visible signs of weakness. Historically, repeated tests of the same support without a strong reversal often signal exhaustion of buying pressure. If Solana closes below $160 daily, it could confirm a structural breakdown, opening the probability of a corrective move toward the $131 HTF support, which coincides with the next significant liquidity cluster.
From a volume perspective, the lack of bullish inflows is further amplifying bearish risks. There has been no visible increase in demand or bullish volume nodes that could signal accumulation at these levels. Instead, the chart continues to show a gradual fade in trading activity, a technical warning that sellers remain dominant.
Unless Solana can reclaim the lost POC and close decisively above local resistance levels, the broader trend is likely to remain bearish. A sustained close below $160 would also invalidate any short-term bullish setups, reinforcing the current downtrend.
What to expect in the coming price action
If Solana fails to defend the $160 support level, a breakdown toward $131 is the most likely scenario. This could extend the bearish structure seen since June, marking another lower low in the broader trend.
However, if buyers manage to hold this level and volume strengthens, a temporary rebound toward $180–$190 could occur before further consolidation.
