Solana (SOL) is at a critical juncture, trading around $132 as of today. Bulls are attempting to regain control after weeks of selling pressure, but success depends on reclaiming higher resistance zones.
According to an analysis shared by Crypto Seth, Solana has flipped bullish on the 8-hour chart. A break above the $147 level would confirm a trend shift and potentially pave the way for a sustained recovery.
To establish a higher high, SOL must push above the $150 level, which has served as a strong rejection point. If bulls fail to defend the $125 support level, Solana may drop to around $100.
Macroeconomic tensions, including trade conflicts between the U.S. and China, are creating a high-risk environment. US President Donald Trump's tariff impositions have created a hostile environment for risk assets like Solana.
Traders are closely watching the $135 level; a breakout could shift the tide in Solana's favor. Solana has lost 55% of its value since reaching its all-time high in January.