Solana (SOL) is hanging onto a major support level as traders brace for its next big move. After several weeks of steady declines, the altcoin has found a foothold near $143, a price area that has historically attracted strong buying interest.
Over the past two years, this region has acted as a reliable demand zone, helping the asset rebound multiple times during broader market weakness. Once again, bulls have stepped in — but the question now is whether Solana can build enough momentum to flip the trend or if more downside pressure is waiting just below.
Momentum Cools, but Sellers Show Signs of Tiring
Market data shows Solana is still trading beneath its key short- and long-term moving averages, reflecting an overall bearish trend. However, the selling pressure may be losing strength. Momentum indicators are currently neutral, suggesting that bears aren’t fully in control anymore.
Crypto analyst DaanCrypto believes the downtrend could be nearing exhaustion. In his latest market breakdown, he described the current support as a major high-timeframe level — one that could serve as a turning point if buyers hold their ground. He also pointed out a series of resistance levels ahead that price would need to clear to confirm a meaningful recovery.
One of those roadblocks sits near a volume profile liquidity pocket, which aligns with a past consolidation zone from earlier this year. If Solana can climb into that region, analysts expect bullish momentum to accelerate.
Meme Coin Buzz Adds a Little Spark
Interestingly, the Solana ecosystem isn’t quiet during this sluggish price phase. Activity surrounding Solana-based meme coins continues to rise, injecting fresh energy into the network. While meme coin hype doesn’t always translate to long-term value, it has helped keep attention on the ecosystem even as SOL’s price cools off.
Next Move Depends on One Line in the Sand
For now, everything comes down to the $143 support. Holding this level could give Solana room to bounce toward higher resistance targets, potentially reversing part of its recent slide. But a clear breakdown would likely open the door to deeper support levels — and potentially test the conviction of long-term holders.
With price sitting at what many technical analysts call one of 2025’s most important levels for SOL, the coming weeks may reveal whether this pullback is simply a pause… or the start of a much deeper correction.
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