$SOL is currently trading within a horizontal trend channel on the medium-term chart, suggesting a period of consolidation and range-bound movement. This structure indicates that the price may continue fluctuating sideways in the near future unless a breakout occurs. However, in the short term, Solana has broken below a key support level, issuing a bearish signal that could lead to increased selling pressure. With support now observed at $133 and resistance at $183, the token is confined within a defined range. Traders should remain cautious, as the recent breakdown may trigger further weakness toward the lower boundary of the range. A decisive move below $133 could extend the downside, while a rebound and breakout above $183 would shift the outlook to bullish.
Signal : LONG
