Markets, AI Market Insights, Technical Analysis, Solana, SOL, News Despite heavy selling and an 8% drop, Solana held key support as buyers stepped in at $142, stabilizing price near $147.
Price Action
Solana (SOL) faced intense selling pressure over the past 24 hours, dropping 8.1% from $154.48 to $141.75 before recovering to stabilize near $147.40.
The sell-off was largely driven by rising geopolitical tensions and global trade concerns, which spooked risk markets.
The sharp drop included a mini-flash crash during the 01:20 hour, but strong buying quickly followed, highlighting continued interest in the asset even amid heightened volatility.
Technical structure now shows an ascending support trendline, while resistance at the $150–$152 zone marks a critical level to watch.
Technical Analysis Highlights
- SOL declined from $154.48 to $141.75, marking a range of $12.73 or 8.24%.
- Massive volume spikes (3.14M and 3.37M) occurred between 19:00–20:00, breaking previous support.
- Price bounced sharply at $142, forming a high-volume support zone.
- Flash crash at 01:20 dropped SOL to $144.93 on 24,507 volume, but strong recovery followed.
- Short-term ascending trendline formed from $142 with resistance near $150–$152.
- Latest price action shows stabilization near $147.40 on declining volume.
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