Solana Falls 5%, Charts Point Toward $130 Danger Zone
Solana (SOL) fell roughly 5% on Thursday, slipping below the $150 support level and extending a multi-week downtrend, according to TradingView. The token failed to hold the mid-range support that had marked July’s floor, leaving sellers in control and momentum tilted bearish.
Charts now show a clearer path toward a $130 "danger zone," where a decisive break could trigger stop-loss cascades and force longer-term holders to re-evaluate positions. Traders will be watching volume and broader market cues; a recovery above $150 would be needed to relieve immediate pressure, while a sustained slide toward $130 would increase downside risk for SOL and test confidence in the near-term outlook.