📉 Is $Solana (SOL) Looking for a Rejection?

After a recent rise, Solana's price is struggling to break through a key resistance level. It's consolidating just below this threshold, and trading volume hasn't picked up enough to prevent a possible bearish divergence.

🔮 Could SOL Plunge Below $130?

SOL is currently in a narrow range, with bears pushing back each time it nears $175. Though it has rebounded from near $160, hopes of reaching $180 are dimming due to looming bearish sentiment.

📊 Short-Term Outlook:

Current Support: Testing a key trend reversal zone.Potential Drop: If bulls weaken, price may fall to $164. A 5% pullback could ensue if RSI hits lower thresholds.Key Levels:Resistance: $175Support: $160 initially, potentially $140 later.

Traders are eyeing these levels to either reinforce the bearish trend or inject liquidity to push SOL above $170.