Solana Bears Target $113 If Current Support Fails
Solana (SOL) is trading above $125, a support level that has held recently. However, the sentiment is cautious, with analysts warning of a potential bull trap and bearish continuation due to lower highs across timeframes.
- The overall crypto market faces pressure, raising fears of a deeper bear market.
- Macroeconomic uncertainty and rising risk-off sentiment contribute to fragile investor confidence.
- Some investors are exiting positions while others hold through volatility, facing unrealized losses.
- If SOL fails to maintain the $150 level, it may drop toward lower support zones around $113.
- Reclaiming the $180 resistance is necessary for bulls to regain momentum and trigger renewed buying interest.
- Market volatility and macroeconomic factors remain significant influences on SOL's price action.
Without a clear bullish breakout, Solana risks a deeper decline as traders monitor lower support levels. The upcoming days will be critical for determining SOL's short-term trajectory.
