Solana’s SOL Holds $140 Support, Poised for Bullish Breakout
Solana’s native token SOL has consistently defended the critical $140 support level despite recent volatility. Over the past 24 hours, SOL recovered from a 4.9% drop—trading between $135.96 and $142.91—and stabilized around $140. Technical indicators show a descending channel and a bullish reversal pattern, with strong volume support at $140.40. A decisive break above resistance at $142.65 could trigger a rally toward $200. Meanwhile, robust DeFi activity and ecosystem growth—such as wrapped Bitcoin (WBTC) integration—underpin long-term optimism. Traders should watch the $140 level closely; sustained defense may fuel further gains, though a retracement to $123–$135 is possible if bearish pressure returns.
Bullish
The news highlights SOL’s firm defense of the $140 support level and formation of a bullish reversal pattern. Strong volume at $140.40 and a descending channel breakout signal growing buying interest. Combined with ecosystem expansions like WBTC integration, these factors point to upward momentum. While a retracement to $123–$135 remains a risk, sustained support and a successful break above $142.65 should drive a rally toward higher targets in both the short and long term.