Solana Tests $118-$138 Support Zone

⬤ Solana has fallen into an important support zone as the price hits the $118 to $138.30 range. This area is where the market needs to prove that buyers are still interested. The chart shows some small bounces on shorter timeframes, but these moves don’t have much strength behind them yet. Right now, Solana sits at a crossroads where it could go either way.

⬤ In one scenario, the current correction could bottom out anywhere in this support zone, which means Solana might turn around and head back toward its previous highs. But the recent bounce hasn’t looked like a strong reversal move. Because of that, there’s still a real chance we could see more downside unless buyers step in harder. The market hasn’t shown the kind of momentum shift you usually see when a real turnaround begins.

⬤ Another scenario follows Bitcoin’s pattern. Here, the whole decline could still be part of a larger correction that hasn’t finished yet. In this case, the final drop might push SOL down to the $81-$90 range. What looks like a bounce right now could just be a temporary rally before one more leg down. The wave structure leaves room for this deeper dip, especially since we haven’t seen aggressive buying yet.

⬤ Solana is now in a make-or-break zone. What happens here could shape how the broader altcoin market moves next. If this support holds and buyers show up, we might see a recovery. If not, SOL could slide to those lower levels. Both paths are still on the table, making this one of the most important moments for Solana’s near-term direction.