#BinanceTurns7 $SOL

Currently, Solana (SOL) is facing a bearish outlook in the short term, with its price struggling to stay above critical support levels. The price has been trading within a range of $120 to $180 since mid-April 2024, and recent technical indicators suggest a downward trend may continue. Solana's price dropped about 20% over the past few weeks and is hovering near crucial support levels like $120, which is essential to maintain to avoid further declines. If it falls below this, a drop to around $90 could follow(

The Currency analytics

)(

EconoTimes

).

At the same time, there is still some potential for a bullish reversal if SOL can reclaim and hold above key resistance levels, such as $155 and $180. A breakout above these could help push the price towards higher targets like $200(

The Cryptonomist

).

In summary, the short-term sentiment for SOL remains bearish, but the longer-term outlook could improve if key support holds and market conditions turn favorable later in the year.

Short portion. TP 120 to 100