SOL: Bearish Pressure Extends with Targets at 136.50 and 134.00

[kevin1]

Hello everyone, SOL is moving within a persistent downside structure — not necessarily dramatic, but consistent and difficult to counter. With the broader crypto market softening, and BTC and ETH entering corrective phases, SOL has very little support to stabilise its price. On top of that, the market is waiting for key US data such as Q3 GDP and inflation figures, both of which could trigger stronger volatility and weigh further on sentiment.

On the H4 chart, the downtrend remains firmly intact. SOL continues to print lower highs and lower lows, confirming that sellers still dictate the direction of the market. Each time the price pulls back into the red FVG zones, selling pressure steps in immediately, pushing the price downward again. The fact that SOL is trading below a thick, downward-sloping Ichimoku cloud reinforces this bearish trend, while Volume Profile highlights heavy liquidity above current levels — a sign that distribution is still unfolding.

Given the current backdrop, the most reasonable scenario is that the decline continues. The 136.50 USD area stands as the first support, marked by a green FVG and dense liquidity — a region likely to attract a short-term reaction. If sellers remain dominant, the next target will be 134.00 USD, a stronger support zone with a higher probability of producing a more meaningful response.

SOL may bounce from these levels, but unless the bearish structure is broken, the advantage remains firmly with sellers. What about you — what signals are you seeing on your own chart?

[Nahid Hossen]

SOL still showing bearish pressure—those downside targets look realistic.

[Abdul Khan]

Watching price reaction near 136.50 will give clearer direction.