Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana has taken a breather after a sharp 20% sell-off, with the price now stabilizing at a technically significant zone. As volatilitycools and consolidation sets in, the market is watching closely to see whether this level acts as a launchpad for a recovery or opens the door to further downside. The next move from here could define SOL’s short-term direction. VAH Rejection Sends SOL Back Into Range
Market expert Umair Crypto explainedthat Solana’s rejectionat the Value Area High (VAH) near $141 set the tone for the recent move. After briefly extending to $148, SOL once again failed to flip the psychological $150 level into support, and ultimately triggered a sharp downside reaction, resulting in a nearly 20% decline toward the $117 area. Related Reading Solana (SOL) Recovery Reaches A Level That Changes Everything 1 day ago
Following the sell-off, price rotated back into the same two-month consolidation range, suggesting that the move lower was more of a range continuation than the start of a new trend. SOL is now retesting the Value Area Low flip zone around $128, a level that has repeatedly acted as a short-term pivot between buyers and sellers. Source: Chart from Umair Crypto on X
If $128 holds and buyers manage to defend this zone, the analystsees room for a bounce toward $132. Further acceptance above that level could open a path toward the range Point of Control near $138. However, even a move into that region would still reflect range-bound conditions rather than a confirmed bullishbreakout.
Umair Crypto stressed that SOL remains stuck inside a broad $30 range, offering little directional edge in the middle. An acceptance below $120 would shift the bias firmly bearish. On the other hand, a strong reclaim above $150 would flip the market structure bullish. Until either scenario plays out, the higher-probability outcome continues to lean toward lower prices within the range. SOL Enters A Compression Phase Above Key Support
According to a recent market updatefrom BitGuru, Solana has experienced a significant pullback and is now entering a phase of consolidation just above a critical support zone. This type of price compression is a classic technical indicator that the market is preparing for a sharp reaction move. Related Reading Solana (SOL) Recovery At Risk With Bears Guarding Resistance 1 week ago
As volatility narrows and the trading range tightens, the build-up of market energy typically precedes a breakout. The path forward remains binary based on Solana’s interaction with its immediate boundaries.
A clean reclaim of the nearby resistance levelwould signal a return of buyer confidence and a potential shift in momentum. Conversely, a failure to defend this established base would keep significant downside risk active, potentially leading to a deeper correction if the support zone is breached. SOL trading at $123 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com