- Solana faces strong resistance at $157.85, limiting short-term bullish momentum.
- Price may revisit the $135–$145 zone if support at $151.32 breaks.
- A retest near $156 is likely before any significant downward move.
On June 1, Solana was trading at $151.89, up 0.8% from its price 24 hours before. Whilst the rise is mild, the figures now indicate the asset is facing solid resistance near $157.85.
The price action has triggered discussions among traders about whether SOL is preparing for a deeper correction. With the price hovering just above the $151.32 support, market participants appear to be watching closely for a potential move into lower liquidity zones.
Price Rejection Near Mid-Range Resistance
SOL recently failed to break through the mid-range resistance of $157.85, a level that has rejected bullish attempts several times in the past. Price movement shows a pullback pattern forming after a short-lived recovery rally.
This rejection signals that the buying strength may be weakening, and sellers are likely regaining control. The price chart indicates a descending structure beginning to take shape, with lower highs confirming bearish intent.
Key Support Levels and Liquidity Pools
Below the current price, the immediate support lies at $151.32. However, the broader market focus has shifted to a larger demand zone identified between the $135 and $145 range, marked on the chart as a weekly breaker.
This zone has acted as a reaction area in previous cycles, and analysts believe it could provide temporary relief if prices fall. More critically, the $122.85 level stands as a monthly support and resistance pivot. Should SOL breach the blue support box, price could revisit this level.
Possible Scenarios and Trader Outlook
If Solana fails to reclaim levels above $157.85 in the near term, the price may continue to consolidate before heading lower. The most likely scenario, based on current technicals, involves a retracement toward the weekly breaker zone. Some traders speculate that the price may briefly retest $156 before declining further, in line with historical liquidity behavior.
In summary, Solana remains under short-term pressure, with significant resistance capping upward momentum. The coming sessions will likely reveal whether support near $151 can hold, or if the market will test deeper levels for demand.
