Solana Tests Key Support at $142—Will Bulls Defend the Uptrend?

According to data from market analysts at Makrovision, the coming days will be pivotal as SOL navigates a cluster of […]

The post Solana Tests Key Support at $142—Will Bulls Defend the Uptrend? appeared first on Coindoo.

According to data from market analysts at Makrovision, the coming days will be pivotal as SOL navigates a cluster of strong technical supports.

Technical Breakdown

1. Trend Structure Under Pressure

• The retracement appears corrective, but lacks a strong bullish reaction at key levels.
• SOL is now testing the $142 low again, with no visible reversal signals emerging yet.

2. Crucial Support Levels

• $142 – Currently acting as the 0.5 Fibonacci retracement and immediate support.
• $135–$131 – Known as the “Golden Pocket” zone, this area combines Fib levels with horizontal price support.
• $126 – Considered the last defense for the medium-term bullish structure. A breakdown below this could invalidate the broader uptrend.

3. What to Watch Next

• A strong bounce from $142 or the Golden Pocket could propel SOL back toward $159 or even $170.
• A drop below $126 would signal a deeper trend reversal, placing bears in control.

Conclusion

Solana is at a technically decisive juncture. While a rebound remains possible from the current zone, bulls must act quickly to reassert control. Without a reaction, support may continue to erode, potentially leading to a trend breakdown. All eyes are on the $142–$126 range—how SOL behaves here could shape the trajectory for weeks to come.

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Source: https://coindoo.com/solana-tests-key-support-at-142-will-bulls-defend-the-uptrend/