- Solana risks falling to $124 if support zones fail amid weak momentum.
- Reclaiming current levels could push $SOL toward $172–$180 highs.
- Liquidity reset may fuel multi-week uptrends and altcoin rotation.
Solana ($SOL) is in a crucial stage right now, with possible price drops toward important support zones. Recent price activity signals increased downside risks, analysts caution.Ali claims that Solana may find quick support at $124 after falling from the $144–$146 resistance range. The token eventually tested $131 after failing to hold over $138 and plummeting toward mid-range support near $134.
Analysts note momentum currently leans toward continued declines. Dotted chart lines indicate possible short-term fluctuations around $130–$132, potentially easing toward $126–$127. If this level fails, the price could drift further toward a stronger support floor near $124–$125.
Additionally, market sentiment appears cautious. Ali emphasizes that unless buyers step in, Solana may face added selling pressure. Broke Doomer adds, “$SOL is sitting right at retest zone of its previous strong high, next few candles gonna decide entire December rallies or dump.”
He stresses that reclaiming these levels could propel price toward $172–$180. However, failure to hold may trigger a deeper sweep back to strong lows near $100. Doomer advises patience, noting that markets often test strength before significant rallies.
Liquidity Reset Signals Possible Upside
Moreover, Altcoin Vector highlights that Solana is undergoing a full liquidity reset, a recurring pattern during past bottoming phases. Forced selling exhausts weaker holders, allowing the ecosystem to clean internally.
He observes, “Once liquidity turns up, it fuels multi-week uptrends and rotation into Alts accelerates.” If history repeats April’s pattern, a reignition could emerge within four weeks, potentially by early January. Consequently, traders should monitor liquidity shifts as early signals of broader market recovery.
