Solana Trades Above $125 Amid Bearish Concerns and Market Volatility
Solana is currently trading above $125, demonstrating a recovery after weeks of selling pressure. This marks the first significant buyer activity since early March, though analysts remain cautious.
- Analyst Ali Martinez warns that Solana may be retesting a breakout zone, potentially signaling a bearish trend.
- If it cannot maintain support levels, prices could drop below $80.
- The overall market remains unstable due to macroeconomic uncertainties and trade tensions.
Currently, the $125 level is critical for bulls. To shift sentiment and initiate a full recovery, reclaiming resistance at $135–$145 is necessary. A rejection at the $136 resistance has paused bullish momentum, putting further gains at risk.
- A failure to break through $136 could lead to a decline toward $100.
- This price point has acted as psychological support but depends on wider market stabilization.
