$SOL /USDT: Speed Demon Fighting Gravity - Critical Support Test
Current Status
Price: $133.09 (-6.25%)
24h Range: $130.90 - $142.23
Layer 1 Giant: Under pressure but resilient
Key Technical Levels
Support Zones
Immediate Support: $132.50-$133.00 (Current battleground)
Strong Support: $128.00-$130.00 (Critical bounce zone)
Major Support: $120.00-$125.00 (Monthly low area)
Resistance Levels
Immediate Resistance: $135.00-$136.00
Key Resistance: $140.00-$142.00 (24h high retest)
Major Resistance: $150.00-$155.00 (Weekly highs)
Trading Scenarios
BULLISH Scenario
Entry: Above $136.00 with volume confirmation
Target 1: $142.00 (+6.7%)
Target 2: $151.25 (+13.7%) - Monthly forecast
Target 3: $158.00-$159.00 (+19%) - Previous resistance
Stop Loss: $130.00
BEARISH Scenario
Entry: Break below $132.00 on heavy volume
Target 1: $128.00 (-3.8%)
Target 2: $120.00 (-9.8%)
Stop Loss: $137.00
SOL is experiencing a healthy correction after testing higher resistance zones. The $133 level is CRITICAL - holding here maintains bullish structure for recovery toward $142-151 zone. Failure could see deeper retracement to $128 support.
Solana's speed isn't just in transactions - price moves can be lightning fast both ways
