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Solana continues to face sales pressure as she struggles to regain the $150 level. Solana has fallen nearly 60% from an all-time high, reflecting the weaknesses seen across the crypto sector where fear and volatility have returned to dominate investor sentiment. As macroeconomic instability and risk-off behavior persist, bulls are unable to regain control and their confidence remains unstable.
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Top Crypto analyst Ali Martinez recently shared a key technical analysis, identifying $120 as Solana’s key make-or-break zone. According to Martinez, this level has historically celebrated major changes in Sol’s price trajectory, often serving as a turning point between recovery and further declines. As Solana has now come dangerously close to this threshold, traders are looking closely to see if it can be held or broken.
If $120 does not serve as support, it could trigger a deeper fix. Conversely, keeping this level could provide a base that will bring a potential comeback to the Bulls, especially if market conditions are stable. For now, Solana remains in a vulnerable position, and how she behaves at this key level may define that direction in the coming weeks.
Solana holds critical demand as tensions in the world trade war grow
Solana trades in key demand zones as sales pressures grow stronger across the crypto market, driven by global tensions and the escalation of the fears of a trade war. On the day of the liberation, US President Donald Trump announced that he had wiped out new tariffs and sparked a strong response from major economies like China. Fallout has shaken investors’ trust in all markets, including crypto, where risk assets feel the weight of increased uncertainty and reduced appetite.
Solana (Sol) is particularly vulnerable, with price action slipping towards key support levels. Analysts warn that if current demand does not hold, the downtrend could accelerate. The next few days are important as the ongoing weakness through next week can confirm bearish breakdowns. If the market is not stable anytime soon, many traders are already preparing for the more negative aspects.
Martinez recently highlighted the importance of the current support zone. According to his analysis, the $120 level is a definitive make-up or breakpoint for Solana. This zone has historically had a major trend reversal and momentum change. If you don’t keep it above it, it can lead to deeper fixes, but bounces from this level can cause recovery.
The bull is defensive as Sol has already dropped by 60% from an all-time high. If they can defend $120, there is still hope for a comeback, but losing it could indicate that the broader bearish trend remains. As macro pressure continues to shape the direction of the crypto market over the next few days, all eyes will be in their ability to hold Solana’s line.
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Major weekly support faces breakdown risk
Solana is currently trading at $120 to mark the end of the lowest week since February 2024. After weeks of sales pressure and repeated rejections below the $150 level, the Bulls are running out of time to defend key support. The inability to regain its main zone of resistance, $150, continues to lock Sol into a bearish structure with momentum in favor of the Bears.
Solana must reclaim the next $150 to shape hopes for a recovery gathering. That level remains a gateway to higher demand zones and a change in short-term trends. However, if the price action continues to weaken and $120 is not retained, the next logical target will be much lower.
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This represents a serious failure, and can cause additional underside pressure, especially if the broader market situation remains vulnerable. Solana’s position seems increasingly vulnerable as macroeconomic uncertainty and trade war tensions grow heavily on emotions. Unless the Bulls step in immediately, Sol could face a deeper setback as he tests a long-term support zone that hasn’t been seen since late 2023.
Dall-E special images, TradingView chart
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