Solana price has returned to the key $131 support zone, a level that previously triggered a strong rally. With buyers stepping back in, momentum may be shifting toward a short-term recovery.
Summary
- Market sentiment around SOL is stabilizing as dip-buying activity increases
- Trading behavior shows signs of renewed confidence from short-term participants
- Momentum could shift quickly if buyers regain control at this structural level
Solana (SOL) price is once again interacting with the important $131 support region, a structural level that has played a major role in recent market reactions. The previous time Solana tested this zone, buyers quickly stepped in and pushed price into a strong rally that formed a clear swing high.
With price now retesting this level and establishing point-of-control volume activity around it, traders are watching closely for a potential repeat of that outcome.
Solana price key technical points
- Solana is retesting the $131 support, which previously sparked a strong rally
- Oversold conditions and a developing double bottom add confluence
- Holding $131 opens the probability of a move toward $167 resistance
Solana’s current price action shows increasing interest at the $131 support zone. This level has already acted as a structural pivot in earlier market phases, where a successful retest triggered an impulsive rally back toward the swing high. The return to this region with noticeable point-of-control activity suggests that market participants are accumulating around this support.
The emerging structure is also supported by oversold conditions that typically precede corrective bounces. On top of that, a developing double bottom can be seen forming at the same swing low, which strengthens the case for a short-term reversal. Double bottoms at high-time-frame support zones are often early indicators of bullish expansion if the level continues to hold.
From a technical perspective, $131 is a critical region for Solana. It represents a major structural support that, if defended, can lead to an oversold bounce and a potential short-squeeze-driven rally. Such a move would likely target the next significant resistance at $167, which acted as a key barrier during previous attempts to break higher. The reaction at that level will determine whether Solana sustains a broader bullish continuation or remains within a larger consolidation range.
The current phase appears to be one of accumulation. Price has spent several sessions testing the region, absorbing sell-side pressure and stabilizing above the support. This type of behavior typically precedes a momentum shift, especially when technical confluence aligns at a significant level.
What to expect in the coming price action
As long as Solana holds above $131, the probability of a short-term rally toward $167 increases. If buyers maintain control and confirm a double bottom, momentum could accelerate quickly. A breakdown below $131 would delay the bullish scenario and reopen the path to lower levels.
Source: https://crypto.news/solana-price-retests-131-as-bulls-step-in-short-term-rally-ahead/
