- SOL revisits range support near $123 as traders assess buying pressure for a potential near-term recovery.
- Market reaction forms a rebound structure with focus on a Fair Value Gap target around $125.5.
- Forward Industries adjusts strategy after its treasury value drops during recent SOL volatility.
Solana moves through a tight intraday range after testing key support, with traders evaluating momentum shifts and structural levels that shaped recent price behavior.
SOL Market Range and Reaction at Support
Solana retested the lower area of its one-hour range as price reached the $123 zone. Market watchers noted responsive buyers at this point, forming a rebound pattern. The update from CryptoPulse noted this move as part of an early stabilization attempt.
The sharp fall from the mid $130 into support occurred with fast execution. Price then formed a recovery attempt that pointed toward the Fair Value Gap around $125.5. This level formed during the downswing when liquidity moved rapidly through local structure.
Trading activity from November 26 produced a broad range from $143–$145 above and $122–$123 below. Each move toward the upper boundary slowed against heavy selling. Price often returned toward the range low, where bids continued to appear.
Structural Shifts and Near-Term Price Targets
CryptoPulse noted buyers attempting a reclaim of the short-term resistance between $127 and $128. This area acted as a pivot across several intraday reactions. A clear move above it with stronger volume may set up a path toward the central part of the broader range.
The chart also displayed a V-shaped rebound from the $124 region. That move created a clean return toward $127 before price entered a period of compression. The later breakout toward $128.1 signaled renewed interest from short-term momentum traders.
Market activity then moved between $126.6 and $127.5 as both sides assessed the next direction. Buyers attempted to secure control while sellers defended local supply. Traders observed that a follow-through move depended on sustained demand near the reclaimed levels.
Treasury Strategy and Market Context
Forward Industries managed the largest Solana-focused digital asset treasury and faced a value loss of more than 40%. Its holdings fell from $1.58 billion as SOL moved from $232-$124. The firm adapted by naming Ryan Navi as its new chief investment officer.
Navi’s background involved structured crypto market work suited for managing volatility. Forward Industries also expanded its advisory structure to support long-term plans. The organization expected its validator operations and staking approach to aid performance during market shifts.
These developments entered the wider market conversation as traders tracked SOL’s recovery pattern. The reaction near the range low and the breakout to $128.1 aligned with a period of renewed attention on treasury behavior and investor positioning.
