Solana Tests Critical Support as Bearish Target Emerges at $142
Solana (SOL) is facing challenges as the crypto market cools. Key points include:
- SOL struggles to reclaim the $160 level amid low demand and volume.
- Investor sentiment remains optimistic about potential future growth once market conditions stabilize.
- Analyst Carl Runefelt warns of a possible breakdown from a horizontal support zone, which could lead SOL down to $142.
- Geopolitical tensions and macroeconomic uncertainty impact investor sentiment, causing capital to flow to safer assets.
- Current trading price is $152.62, testing critical support with bearish momentum prevailing.
- Failure to hold the $150–$152 support range may trigger further declines.
Long-term prospects for Solana depend on its ecosystem development and recovery in market conditions.
