*Technical Analysis of Solana (SOL) for Binance*

*Market Overview*

Solana (SOL) is in a key consolidation zone, with well-defined support and resistance levels. Currently, the price hovers around **$129.81 USD**, with a drop of **-1.81%**, indicating bearish pressure in the short term.

*Key Supports and Resistances*

- **Resistances:** $137.61, $130.39

- **Supports:** $123.85, $122.92 (Fibonacci 0.618), $127.44 (Fibonacci 0.786)

The level of $122.92 USD, corresponding to the **0.618 Fibonacci**, is a critical point where we could see a bounce if selling pressure decreases.

*Technical Indicators*

- **MACD:** 4hrs Currently shows a bearish divergence, with a reduction in the histogram, suggesting a possible continuation of the downward trend.

- **RSI:** Is at **56.3**, indicating that the asset is not yet in oversold territory, but shows signs of weakening demand.

**Price Projection**

If the price breaks the support at $122.92 USD**, we could see a drop towards $117-118 USD**. In the event of recovery, the resistance at $130.39 USD** will be key to determining whether Solana can regain an upward trend.

**Conclusion**

The Solana market is at a turning point. Traders should monitor support and resistance levels along with technical indicators to identify buying or selling opportunities.

You can check the updated Solana chart on [TradingView](https://es.tradingview.com/symbols/SOLUSDT)