Solana Price Nears Critical Support at $145 Amid Bearish Pressure

Solana (SOL) is currently under scrutiny as its price hovers near a critical support level of $145. After a steady decline from its recent highs around $168, the popular Layer-1 blockchain token is facing increasing bearish pressure across both daily and hourly timeframes. Technical indicators are signaling potential trouble, and if the current support level breaks, Solana's price could experience a swift downward movement. However, the battle between bulls and bears is far from over.

The daily chart of SOL/USD shows signs of weakness, with Heikin Ashi candles indicating consistent bearish pressure. The price is struggling to stay above key moving averages, with the 20-day SMA near $145.11 acting as resistance and the 50-day SMA at $160.61 serving as a strong barrier for any bullish recovery. The 200-day SMA at $174 is currently out of reach, emphasizing the broader bearish trend. Solana has formed a lower high and a lower low pattern, classical signs of a weakening uptrend and a potential shift into a more sustained downtrend. If the $145 support level fails on the daily chart, Fibonacci projections suggest a potential fall toward the $131–$125 zone, which is marked as the next key support cluster.

On the hourly chart, Solana's price shows a short-term attempt at consolidation. After a steep sell-off, the price recently bounced from the $142.80–$143.20 demand zone. However, momentum remains capped by the 100-hour and 200-hour SMAs at $152.80 and $153.50 respectively, both trending downward. A clear descending triangle pattern is forming, with horizontal support at $145 and lower highs pressing from above. This pattern typically signals breakdown potential. If the SOL price breaks below this support on high volume, a swift drop toward $135 could occur.

The current Solana price is sandwiched between resistance at $149–$152 and support at $143–$145. If the price drops below $145, Fibonacci-based targets can be calculated. Taking the recent high of $168 and the recent low of $142, a 1.618 extension gives us a target of approximately $100.4. Although $100 is an extreme target, intermediate support lies at $131.70, which aligns with previous consolidation zones in April.

Solana's price could still recover, but it needs a clear breakout above $152, preferably with a bullish crossover of the 50- and 100-day moving averages. A sustained close above $160 would invalidate the bearish outlook and may push the SOL price back toward $180. Until then, the bears remain in control, and the hourly chart shows a bear flag structure rather than a bullish recovery. The flattening of the moving averages signals a potential accumulation zone, but not enough strength to rally—yet.

If the current support at $145 breaks, the short-term bearish target is $135, with a medium-term target of $125–$131 over the next two weeks. An extreme bearish target is the $100–$110 zone if macro sentiment worsens. On the other hand, if bulls reclaim $152–$160 convincingly, the short-term bullish target is $168, with a medium-term breakout target of $185–$200 if macro bullish sentiment returns. A drop below $145 could trigger cascading stops and bring the price quickly to $135 or lower. Conversely, a breakout above $152 could reignite bullish momentum. Traders should watch for volume confirmation and moving average crossovers before positioning. Until then, the path of least resistance is to the downside.