Solana Tests $131–$126 ‘Golden Pocket’ Support Amid Bearish Trend
Solana’s (SOL) price is nearing a critical support zone between $131 and $126, aligned with the 0.618–0.665 Fibonacci “Golden Pocket.” After failing to hold above $142, SOL has formed a series of lower highs, confirming a deepening downtrend. Technical indicators, including RSI and MACD, show no bullish divergence on lower timeframes, while MakroVision Research notes the absence of reversal patterns. A decisive break below $126 could accelerate selling toward the next support at $117. Conversely, a rebound from the Golden Pocket may drive a short-term rally toward $153, $170, and $188, but requires increased volume and momentum. Traders should monitor price action and volume within the $131–$126 zone to gauge potential market shifts and manage risk accordingly.
Bearish
The technical setup around the $131–$126 Fibonacci Golden Pocket points to continued bearish momentum. SOL’s repeated failure to sustain above key resistance ($142) and the persistence of lower highs indicate dominant selling pressure. Without a clear reversal pattern or increased volume, a break below $126 is probable, driving prices down to $117. Historically, similar breakdowns at critical Fibonacci levels have led to accelerated declines, as seen in SOL’s March 2025 slide from the 0.618 zone. Short-term traders should brace for downside risk, while long-term holders may look for a stabilized rebound above the Golden Pocket to confirm trend reversal.