Horizontal support of Solana under pressure: bearish target at $142
Solana ($SOL ) is currently in a complex environment, as the cryptocurrency market as a whole experiences a slowdown. After an impressive run earlier this year, momentum has significantly slowed, and SOL struggles to reclaim the $160 level with conviction. The lack of strong demand has been evident in recent sessions, as buying pressure diminishes and volume remains low in major altcoins.
According to their analysis, this structure could break at any moment, confirming the bearish trend and potentially bringing SOL down to the $142 level. This target aligns with previous support zones and could act as a temporary low if the overall market stabilizes.
