Solana (SOL) bulls are sweating. After a rough 3% daily drop, SOL has decisively broken below the critical $149–$150 support zone, with price currently hovering around $144. A powerful rejection from the $160 level last week now appears to be more than just a dip—it’s starting to resemble a trend reversal.
But that’s not all. There’s a geopolitical tremor behind the technicals.
Macro Heat: Israel–Iran Conflict Sends Shockwaves
Global markets are rattled after Israel’s latest strike on Iranian military facilities, prompting a missile-heavy retaliation from Tehran. As investors flee risk assets, the “war premium” is being priced into everything—from oil and gold to crypto.
This risk-off sentiment is putting extra pressure on altcoins like SOL, especially those already at key technical inflection points.
The Chart in Focus
Here’s the real-time breakdown:
Price Action: SOL has closed below the $149.81 support (a previous consolidation base). That zone is now likely to flip into resistance.
Volume: 24H volume remains elevated (273M+), suggesting sellers are still active—not just a low-liquidity dip.
RSI: The RSI is sitting at 37.99, creeping toward oversold territory but not there yet—leaving room for further downside.
Next Target: If momentum continues, all eyes are on the $124.50 level — a well-tested demand zone and potential bounce point.
The blue arrow on the chart isn’t just aesthetic—it’s a warning.
What to Watch Next
A daily close below $142 would solidify the breakdown and make a drop to the $124–$125 range highly probable.
However, if SOL reclaims $149 with strong volume, it could trap bears and launch a relief rally.
Keep an eye on macro headlines. If the Israel–Iran conflict escalates, expect more risk-off moves across the cryptocurrency market. Solana, like most altcoins, doesn't thrive in global uncertainty.
Conclusion:
The break below $149 isn’t just technical—it’s emotional. As fear grips markets globally, SOL is caught in the crossfire. Risk management matters now more than ever.
But that’s not all. There’s a geopolitical tremor behind the technicals.
Macro Heat: Israel–Iran Conflict Sends Shockwaves
Global markets are rattled after Israel’s latest strike on Iranian military facilities, prompting a missile-heavy retaliation from Tehran. As investors flee risk assets, the “war premium” is being priced into everything—from oil and gold to crypto.
This risk-off sentiment is putting extra pressure on altcoins like SOL, especially those already at key technical inflection points.
The Chart in Focus
Here’s the real-time breakdown:
Price Action: SOL has closed below the $149.81 support (a previous consolidation base). That zone is now likely to flip into resistance.
Volume: 24H volume remains elevated (273M+), suggesting sellers are still active—not just a low-liquidity dip.
RSI: The RSI is sitting at 37.99, creeping toward oversold territory but not there yet—leaving room for further downside.
Next Target: If momentum continues, all eyes are on the $124.50 level — a well-tested demand zone and potential bounce point.
The blue arrow on the chart isn’t just aesthetic—it’s a warning.
What to Watch Next
A daily close below $142 would solidify the breakdown and make a drop to the $124–$125 range highly probable.
However, if SOL reclaims $149 with strong volume, it could trap bears and launch a relief rally.
Keep an eye on macro headlines. If the Israel–Iran conflict escalates, expect more risk-off moves across the cryptocurrency market. Solana, like most altcoins, doesn't thrive in global uncertainty.
Conclusion:
The break below $149 isn’t just technical—it’s emotional. As fear grips markets globally, SOL is caught in the crossfire. Risk management matters now more than ever.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.