Solana Price Prediction: SOL Tests Major Bid Walls as Bearish Momentum Begins to Fade
Solana is showing signs of exhaustion on the daily chart after a prolonged decline, with price action still trapped below its short- and medium-term moving averages.
The recent sequence of closes shows the market attempting to stabilize after a sharp drop, but buyers have yet to reclaim key technical levels that would signal a broader shift in momentum.
The relationship between the price and the exponential moving averages continues to paint a cautious picture.
Solana is trading well below both the 9-day and 20-day EMAs, which remain sloped downward. This alignment typically reflects sustained bearish pressure, as shorter-term momentum continues to underperform the broader trend. Although the gap between price and the faster moving average is narrowing slightly, it suggests only a tentative slowdown in selling rather than a confirmed reversal.
SOL/USD daily chart (Source: GeckoTerminal)
Momentum indicators reinforce the defensive outlook.
The MACD remains deeply in negative territory, with the signal line still above the MACD line. While the histogram is beginning to contract, indicating that bearish momentum is easing, the indicator has not yet produced a decisive bullish crossover. This implies that sellers still hold the upper hand, even if the intensity of the downtrend is gradually fading.
The RSI is hovering in oversold territory, reflecting sustained selling pressure in recent sessions. When RSI readings remain near these levels, the market is often considered stretched to the downside.
However, oversold conditions alone do not guarantee an immediate rebound. Instead, they typically signal that the market is entering a phase where either a relief bounce or a period of sideways consolidation becomes more likely.
Solana Resistance Zones Frame the Upside Outlook
If buyers manage to build momentum, the first major test lies near the overhead resistance cluster around $132, followed by stronger barriers near $135 and $141.
Those zones represent previous areas of supply where sellers have historically stepped in, and they could act as major hurdles for any sustained recovery.
Before those higher targets come into play, the order book reveals several nearer-term obstacles.
A notable ask wall sits around the $90 level, and clearing it could open the door to a modest advance toward the next resistance band.
Additional sell pressure is concentrated around $92.5 and $95, suggesting that any short-term rally may face step-by-step resistance as it climbs higher. These clusters indicate that the upside path may be gradual rather than explosive unless a strong wave of buying emerges.
Support Structure Hinges on Key Bid Walls
On the downside, the order book highlights substantial bid walls around $80, $79, and $78. These zones are acting as a layered support structure where buyers appear willing to step in. As long as these levels hold, the market may attempt to form a base or enter a consolidation phase.
However, a decisive break below those bid clusters could trigger a sharper decline. The data suggests that losing the $80 region would open the door to deeper losses, while a breakdown beneath the $79 and $78 zones could accelerate downside momentum further. This makes the support cluster a critical area to watch in the short term.
Potential Trading Scenarios
From a bullish perspective, traders may look for signs of strength above the near-term ask walls, particularly if the price manages to reclaim the faster moving averages. A sustained move above these levels could signal that momentum is shifting, with potential upside toward the larger resistance zones in the low-$130s.
On the bearish side, failure to hold the layered bid support around the upper-$70s could confirm continued weakness.
In that scenario, short-biased traders may look for breakdowns below these walls as confirmation that sellers are regaining control of the trend.
At the current stage, the technical picture remains tilted toward the bears, but oversold momentum and the presence of strong bid support suggest that a stabilization phase or short-term bounce cannot be ruled out. The coming sessions will likely determine whether Solana can build a base or extend its corrective move.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
