- SOL is forming a broad accumulation range approaching a descending trendline that could trigger a breakout if buyers gain control.
- Short-term charts show a sharp intraday surge, with momentum indicators turning neutral.
- A major supply zone near 145–148 dollars continues to reject advances, creating a bearish roadmap toward lower demand areas unless buyers reclaim control.
SOL price is compressing within broad consolidation zones while approaching decisive technical barriers. Recent charts shared by analysts present contrasting views on Solana’s short-term direction, creating a closely watched scenario.
Accumulation Structure Near a Major Trendline
SOL price analysis from trader Captain Faibik shows the market trading inside a wide accumulation area while remaining below a descending trendline. His update notes that the asset has been moving between roughly 128 and 142 dollars, forming a base after extended weakness.
The analyst suggests that pressure is building as the range edges closer to the trendline. The zone has acted as a ceiling on multiple attempts, creating a pattern of compressed volatility.
His projection points toward a possible move to the 200–215 dollar region if the market breaks above the trendline with conviction. This expected expansion aligns with typical reactions seen when price exits prolonged compression phases, although confirmation remains dependent on stronger volume.
Short-Term Momentum Showing Mixed Signals
A separate 3-minute chart adds context to the near-term behavior of SOL price. It captures a surge that occurred after a period of quiet trading, where price spiked sharply before losing momentum. The quick reversal shaped a rounded top, followed by a measured pullback.
Momentum indicators mirrored this shift. The MACD expanded during the rally, then shifted bearishly as the move faded. The RSI also surged past overbought levels before sliding into lower territory, reflecting the force of the reversal.
Current trading around the 137–138 dollar range shows the market waiting for direction. The neutral stance across indicators suggests reduced conviction, leaving traders to watch whether buyers regain initiative or whether further cooling leads to deeper support tests.
Bearish Scenario Mapped Under a Supply Zone
Another analyst presents a contrasting view, focusing on a major supply zone sitting near 145–148 dollars. This region has repeatedly rejected advances, suggesting pressure from sellers positioned at previous support-turned-resistance bands. Price action near 136–137 dollars remains choppy as the market navigates this contested area.
The bearish projection outlines a brief push upward that could sweep liquidity near the lower band of this resistance zone. A reversal from that point could open a path toward lower demand pockets around 124, 118, or even 112 dollars. The pattern aligns with repeated failures to secure traction above the zone.
This view frames the downward path as the easier route unless buyers reclaim the supply area with strength. The contrast between potential breakout and potential rejection leaves the market focused on key levels that are likely to determine the next directional move.
