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

Altcoins

Solana (SOL) has pulled back more than 24% from its recent high near $188, now retesting the 0.5 Fibonacci retracement level at $142—a critical threshold that could determine whether the medium-term bullish trend remains intact.

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.

Author

Kosta Gushterov

Reporter at Coindoo

Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.