As the market rebounds, Solana (SOL) is retesting a crucial area that has 
served as resistance since the November pullbacks. Some market watchers 
suggest that a short-term rally is likely, while others have highlighted 
potential signs of weakness. Related Reading: Zcash (ZEC) Leads Market 
Pullback With 24% Drop, Analysts Warn Of Another Crash Ahead Solana Eyes $144 
Resistance Solana is attempting to turn the $140 area into support while 
nearing a key local resistance for the third time in a month. The 
cryptocurrency has been trading between the $120-$144 levels since mid- 
November, struggling to hold the high zone of its local range amid the recent 
market volatility. Last week, it bounced 10% toward the $140-$144 area but 
plunged to the range lows after Sunday’s correction, hitting a one-week low of 
$123 on Monday. As a result, it tested an ascending trendline that has served 
as support since 2023. Ali Martinez explained that during the pullbacks, SOL 
has retested this key support trendline. Notably, each time the cryptocurrency 
has tapped this trendline, it has registered strong rebounds in the following 
months, suggesting that the price could rally more than 80% in the mid-term if 
this support holds. Following Tuesday’s market rebound, SOL climbed back to 
the range’s highs, attempting to break above the local range once more. Market 
observer More Crypto Online affirmed that Wednesday’s rejection from $144 was 
expected, as it has been a strong resistance for weeks. The trader considers 
that investors should not worry as long as the mid-zone of its range, between 
the $134-$139 levels, holds as support. “It’s not really a breakdown yet; we 
just have a first sharp pullback,” he affirmed, emphasizing that there’s no 
evidence that bears are taking the lead. He noted that breaking below the mid- 
zone of its range would open the door to a retest of the recent lows and 
potentially risk a drop to the $117 area or lower. Nonetheless, if bulls take 
the lead and reclaim the $144 level as support, it will open the door to a 
retest of higher levels, including the $163 level, where the major next sell 
wall for SOL is situated. Is SOL’s Crucial Support Weakening? Meanwhile, Rekt 
Capital shared an analysis on longer timeframes, pointing out that Solana has 
been moving within a clear macro range, situated between the $123 and $296 
levels, in the monthly timeframe, clustering in this area since early 2024. 
Per the analyst, the cluster has been developing for an extended period, and 
the potential for distribution and its function as a re-accumulation structure 
decreases the longer it continues. Despite this, he emphasized that the focus 
is on the 21-month horizontal support level. As the analysis noted, Solana 
recorded a 140% rally during the first major rebound from the region in Q3 and 
Q4, 2024. In the second rebound from this support, which started in Q3 2025, 
SOL saw a significantly smaller rally, surging around 100% to its September 
local high. Now, the cryptocurrency is rebounding from this level, which could 
confirm a decreasing trend for the altcoin and raise the alarm about its 
strength. “While it is positive to see this rebound, if the move turns into a 
weaker rebound than the previous ones, then questions will arise regarding the 
strength of this support,” Rekt Capital asserted. Related Reading: Bitcoin 
(BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch To 
prevent this, Solana must breach the one-year downtrend or the multi-week 
downtrend on the weekly timeframe. “Failing to break either of these 
trendlines would produce a smaller rally because the prior rebound — the one 
that rallied around 100% — would fall short and reject from these downtrends 
instead.” The analyst concluded that a sequence of progressively smaller 
bounces “would imply increasing weakness into that support, which in turn 
would favour the potential for distribution in Solana over time.” Featured 
Image from Unsplash.com, Chart from TradingView.com

Solana Eyes Major Resistance After $140 Reclaim, But Analyst Questions SOL’s Strength

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The acquisition highlights growing institutional interest in Bitcoin, 
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