Solana Price Rejection at $146 Signals Slide to $112
Solana price has broken below the key $146 resistance level after multiple daily rejections, marking a confirmed bearish trend. The lack of intermediate support leaves the $112 zone as the next major target. Trading volume shows weak bullish conviction, reinforcing downward momentum. Unless Solana price reclaims $146 with strong volume, the path of least resistance leads to a test of $112. A sustained close above $146 would invalidate the bearish outlook and refocus attention on $170. Traders should monitor price structure and volume around $112 for potential bounce or further decline. Overall, technical indicators favor a sweep of orders at $112 before any meaningful recovery.
Bearish
The breakdown below $146 resistance, confirmed by multiple daily rejections and low bullish volume, aligns with classic bearish continuation patterns. Similar past events—such as Solana’s collapse after losing $150 support—led to rapid declines toward lower demand zones. The absence of intermediate support underscores a high probability of a drop to $112. In the short term, traders may see a liquidity sweep at $112 before any relief bounce. Long-term recovery hinges on reclaiming $146 with conviction; without it, lower highs will persist and downside targets may extend past $112. This setup suggests sustained selling pressure until clear bullish reversal signals emerge.