Solana price prediction: What’s next as $SOL stalls below $150? - AMBCrypto Analytics

On the daily chart, the $150 was an intense short-term sell pressure for SOL. Notably, the 200-day SMA (Simple Moving Average) and a daily breaker block (red) aligned at $150.

Put differently, the $150 was a crucial supply zone in the short-term. In fact, SOL has struggled below this confluence level for over a week. This meant that $150 has been critical for taking profits, especially for long-term holders with unrealized gains. 

Put differently, sellers had market leverage on SOL at the time of writing.

As shown by the sideways movement of the RSI (Relative Strength Index) below average level, the flat demand further illustrated the sellers’ edge. The spot CVD (Cumulative Volume Delta), which tracks buy vs. sell volume across exchanges, declined in August.

The downward trend indicated that SOL had been overwhelmingly under sell-side pressure—a perfect set-up for a short-seller’s paradise. In the meantime, SOL’s Open Interest (OI) rates have been flat, suggesting that even the demand for the altcoin in derivatives markets has stagnated in the past few days. This also means a neutral market sentiment; as such, SOL’s price could go in either direction.