Solana (SOL) appears to be showing signs of weakness in the short term following a strong rejection from a significant area of resistance. As hinted at by a recentSolana (SOL) appears to be showing signs of weakness in the short term following a strong rejection from a significant area of resistance. As hinted at by a recent

Solana Faces Key Support Test After Rejection at Major Resistance

Solana (SOL) appears to be showing signs of weakness in the short term following a strong rejection from a significant area of resistance. As hinted at by a recent analytical presentation by crypto analyst CryptosBatman, it seems the asset has established a local top amidst which it now appears to be targeting a vital area of support.

Strong Resistance Rejection Signals Local Top

The chart indicates that SOL was rejected from a well-defined area of resistance in close proximity to recent highs, where there is intense selling pressure. The rejection at this area signified the creation of a local top, which arrested the momentum in the previous phase when it was moving upwards. Historically, this area of resistance is where there is supply.

Source: CryptosBatman

After the rejection, price has begun to roll over, which is a sign of a correction, rather than a trend reversal.

Also Read: Solana (SOL) Emerges as a Top Blockchain by Daily Active Users in 2026

Fair Value Gap Emerges as Key Support Zone

The analyst picks up an unfilled area of bullish Fair Value Gap (FVG), which is below current market levels. This region corresponds to important swing lows in the past, and its relevance as a support area increases.

In the past, price has a tendency to re-test such inefficiencies before regaining a more general trend. A managed walk into such a region might invite buyers to enter at a greater-probability region due to a decrease in volume.

Inverse Head and Shoulders Pattern in Focus

Worthily, this pattern also shows that there is an indication of an inverted head and shoulders formation in the early stages. Provided that SOL manages to support this FVG level with higher lows, this particular pattern may also confirm a bullish reversal.

This is a pattern that generally Indicates a change from a bear to a bull trend. However, it would be valid once buying interest is demonstrated and the rejected zone is recovered.

Market Outlook: Pullback or Opportunity?

Although there is caution in the short-term price movement, overall market structure is still positive if major support levels remain in play. Market participants are very vigilant about what happens in the vicinity of the area highlighted in SOL.

Nevertheless, the failure to support the level could pose a deeper risk to SOL, thereby postponing the bullish continuation.

Also Read: Solana Technical Setup Signals Potential $1,500 Price Breakout

Market Opportunity
Major Logo
Major Price(MAJOR)
$0,12738
$0,12738$0,12738
-%0,65
USD
Major (MAJOR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

New Wallets Bet $23K on Israel-Iran Conflict by 2026

New Wallets Bet $23K on Israel-Iran Conflict by 2026

The post New Wallets Bet $23K on Israel-Iran Conflict by 2026 appeared on BitcoinEthereumNews.com. Key Points: Two new wallets placed $23,000 bet on Israel-Iran
Share
BitcoinEthereumNews2026/01/10 10:44
Meme Coin's "I'm coming!" slogan sparks a new market capitalization record, surging 63.4% in 24 hours.

Meme Coin's "I'm coming!" slogan sparks a new market capitalization record, surging 63.4% in 24 hours.

PANews reported on January 10 that, according to market data, the market capitalization of Meme coin "I'm Here" reached a record high of $28.1 million, and is currently
Share
PANews2026/01/10 10:25
One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02