Solana price is trading at multi-month lows, sitting on a key support zone as participants watch closely for early signs of a potential rebound.
Solana price has slipped into a tough spot, and the mood across the market reflects it. What makes this moment stand out isn’t just the price drop, it’s how quickly sentiment has flipped from confidence to caution. With support levels being tested and traders looking for any sign of strength, Solana now enters a phase where even small shifts in momentum could spark a larger reaction.
Solana Under Pressure as Market Hits New Lows
Solana has now dropped to a three-month low, and this is starting to create visible stress across holders. Recent on-chain data shared by Ted shows that nearly 79.6% of the circulating supply is currently at a loss, a level that usually appears only in deeper corrective phases. The chart highlights how sharply profit supply has flipped in recent weeks, reflecting persistent sell-side pressure.
Solana’s latest downturn has pushed nearly 80% of its supply into loss, underscoring the intense pressure mounting across the market. Source: Ted via X
While this paints a tough picture, these extremes have historically aligned with points where downside momentum begins slowing. Once such a large portion of the supply moves underwater, forced selling usually cools off, giving room for early stabilization attempts.
Liquidity Signals Point to Potential Upside
A separate liquidity map posted by Ted offers a slightly different angle. According to the chart, most of Solana’s downside liquidity has already been taken out, leaving two important upside zones: a strong cluster waiting at $145 to $150 and another around $120. With the lower range already cleared, direction becomes more straightforward if volatility shifts upward.
Solana’s liquidity map now shows cleaner upside pockets at $120 and $145–$150, suggesting a smoother path higher if momentum shifts. Source: Ted via X
If Bitcoin manages to bounce, Solana could sweep into these upside pockets rather quickly. Markets frequently gravitate towards untouched liquidity, and this current setup shows a much cleaner path upward than downward.
Momentum Indicators Show Early Strength
Momentum-focused traders like Hardy are spotting the first signs of relief forming on Solana’s higher timeframes. The asset is sitting directly at a multi-tested support zone while both the RSI and oscillators are printing early bullish divergences. These usually appear when sellers begin losing steam even before price shows it.
SOL chart highlights fresh bullish divergences and oversold signals, hinting that price may be preparing for a relief bounce. Source: Hardy via X
The SOL chart also shows oversold conditions accumulating at this support. If this level holds, the divergence could help trigger a short-term bounce, especially once volume starts picking up.
Solana Price Prediction: Channel Still Provides Structure
A clean descending channel, highlighted by 0xBossman, continues to guide Solana’s short-term outlook. Solana price is currently reacting from the lower boundary around $130, a level that has held multiple times. As long as this base remains intact, the next logical step would be a retest of the channel’s midpoint near $160 to $165.
Solana continues to respect its descending channel, with price reacting cleanly from the $130 base and eyeing a potential move towards $160–$165. Source: 0xBossman via X
The upper boundary of the channel sits closer to $200, which 0xBossman believes Solana price could revisit with time. A push above the mid-range would be the first meaningful sign that momentum is shifting back in favor of bulls.
Final Thoughts
Solana price is clearly under pressure, but moments like this often come before the market starts to settle. With so many holders now at a loss, selling usually begins to slow down, giving the price room to stabilize. If the current support holds, even a small bounce could pull SOL Solana back towards the mid-channel levels.
Still, participants should stay cautious. A lot depends on how Bitcoin moves next, and volatility can pick up quickly. For now, Solana sits at a point where both risk and opportunity are present, and the next few days will decide whether this stress turns into a steady recovery or another leg down.