Solana Price Analysis: Will SOL Retest $125?

Solana (SOL) remains under bearish pressure, failing to break out of its resistance zone and experiencing weak price action. Since mid-April, SOL has been trading between $126.75 and $180.75, showing strong liquidation points.

Key Points:

- SOL failed to break its resistance at $180.75, resulting in a 1.72% drop in the past day and 12.87% over the past week.

- SMA acts as resistance, indicating increased bearish sentiment.

- RSI shows a bullish curve above the oversold range, but averages suggest mixed sentiment.

Outlook:

- If bulls gain control, SOL could test its resistance at $155.25 and potentially reach $200.

- If bears maintain control, SOL may test its support level at $126.75.

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