Solana’s recent attempt to rebound is losing strength, raising concerns that the token could be headed for a deeper pullback. After briefly bouncing from the value area low, the rally has quickly lost momentum as bullish volume weakens, suggesting buyers may not yet be ready to take control.
At first glance, the rebound looked promising. A bullish engulfing candle near support hinted that a short-term bottom might be forming. Such moves often attract traders looking for early signs of a trend reversal. But in Solana’s case, the optimism faded quickly. Follow-through buying never really arrived, and recent candle closes have erased much of the early recovery.
This behavior is typical in bearish or range-bound markets. Prices often stage brief rebounds at support levels, only to roll over again when buyers fail to maintain pressure. Instead of evolving into a strong upside move, Solana’s bounce now appears more corrective than impulsive — a pause rather than a turning point.
One of the clearest warning signs is volume. Healthy reversals are usually backed by rising trading activity, showing that buyers are stepping in with confidence. Here, the opposite is happening. Bullish volume has been declining, and the volume profile continues to trend lower.
When price rises on shrinking volume, it often signals weak demand. Sellers tend to allow prices to drift higher before re-entering near resistance. This environment makes it harder for Solana to reclaim important levels and increases the odds that the market will search lower for fresh liquidity.
That brings attention to the $117 range low, a key support zone that has not been tested recently. In sideways or bearish structures, price frequently rotates toward untapped liquidity resting below recent lows, where stop losses and buy orders are clustered. As long as Solana remains below the value area and cannot reclaim it with strength, a move toward $117 remains firmly on the table.
This level matters not only because it marks the lower boundary of the trading range, but also because it is likely where buyers attempt a more serious defense. A visit to this zone would keep the broader range intact while reinforcing the current bearish bias.
Traders watching for confirmation of a breakdown should focus on closing behavior and volume. Continued weak closes below the value area low, combined with expanding bearish candles, would suggest sellers are tightening control. At the same time, fading volume during recovery attempts would further reduce the chances of a sustainable rebound.
For now, Solana sits in a fragile position. The initial bounce failed to gain traction, bullish participation is thinning, and downside liquidity remains an attractive target. Unless buyers step in with stronger volume and reclaim key value levels, the path of least resistance still points lower.
In the short term, Solana remains vulnerable. If support gives way, the $117 range low could soon come back into focus as the next major test for the market.
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