$SOL Solana Faces Bearish Pressure but Support Zone May Offer Relief

Title: Solana (SOL) Battles to Hold $150 Support Amid Short-Term Bearish Trend

Solana’s price has come under renewed selling pressure, slipping by more than 3% in the last 24 hours and continuing a multi-day decline that has erased nearly 16% over the past week. At the time of writing, SOL/USDT trades near $152, hovering just above its intraday low of $151.38 on Binance.

Over the past several sessions, Solana’s 15-minute chart has outlined a clear descending channel, with the token struggling to break out of lower highs around the $160 mark. This pattern signals persistent bearish sentiment, as traders continue to sell into minor rallies.

Despite the decline, there are early signs that the token may be approaching a short-term relief zone. The $150–$151 area has acted as a temporary floor, attracting buying interest in past sessions. If bulls can defend this region, Solana could stage a rebound toward $155–$157, though the broader downtrend remains intact until a clear break above $161.5.

From a wider perspective, Solana has lost around 31% over the last 30 days, reflecting broader weakness across the altcoin market. However, given Solana’s strong ecosystem fundamentals and high network activity, technical rebounds from oversold levels are not uncommon.

For now, traders should watch the $150 support level closely — a decisive breakdown could open the door toward $145–$147, while a bounce above $157 could trigger a short-term reversal #BinanceSquareFamily #BinanceSquareTalks #SolanaETFInflows