$SOL

Solana on the Edge: Will Bears Take Full Control?

Solana has dropped nearly 12% over the past week, touching fresh lows around $138–$140, as multiple technical indicators signal growing bearish momentum. Both the BBTrend and Ichimoku Cloud setups are flashing red flags—Tenkan‑sen remains below Kijun‑sen, and the price struggles to break above the stubborn $150 resistance. Adding to the pressure, a looming double-top pattern around $163–$168 hints at further downside, while the RSI slipping below neutral keeps bearish sentiment in play.

For traders, all eyes are on key levels: a clear break below $141.53 could trigger a deeper drop toward the mid‑$130s. On the flip side, bulls would need a decisive push above $150.59 to shift the narrative and spark any meaningful recovery. Until that happens, downside risk continues to dominate the short-term outlook for SOL.