SOLUSD is below $130

[tradelikepro]

Technical Analysis
● SOL/USD remains locked in a broader descending channel after a sharp breakdown from the prior consolidation range. Price continues to respect the dynamic resistance line, while each rebound forms lower highs, confirming bearish market structure.
● The recent flag and consolidation patterns developed below resistance suggest continuation rather than reversal. A loss of the current consolidation floor exposes the major support zone near 115–110 as the next downside objective.

Fundamental Analysis
● The broader crypto market remains pressured by risk-off sentiment and reduced liquidity, limiting upside momentum for high-beta assets like Solana.

Summary
● Bearish trend intact below descending resistance. Key resistance: 135–140. Targets: 115–110. Invalidation above channel resistance.

[Abdul Khan]

Key psychological level to watch, reaction here will be important.

[Rimon Khan]

Below $130 could attract dip buyers if support holds.

[DIOVANN]

Consolidation Areas: The price action is marked by several periods of consolidation, where the price trades within a narrow range between defined support and resistance levels.