Solana slipped back after failing to sustain gains above $146, kicking off a short-term correction that has pushed SOL below $145. Traders are eyeing the $140 area for potential buying interest, while an hourly trend line around $141 (Kraken data) is providing near-term support. Price action and structure - SOL reversed after being unable to clear $150, mirroring a modest pullback seen in Bitcoin and Ethereum. - The token dropped beneath $146 and $145 and moved below the 61.8% Fibonacci retracement of the $138–$149 swing, putting it into a short-term bearish zone. - Despite the decline, buyers remain active above $140, and there’s a bullish hourly trend line supporting price around $141. - SOL is trading under the 100-hour simple moving average, which reinforces the short-term downside bias. Upside barriers - Immediate resistance sits near $144, with stronger caps at $146 and $148. - A decisive close above $148 could resume the upward trend and open targets at $155 and then $162. Downside risk - If SOL cannot reclaim $146, the next floor is the trend line near $141 and the $140 zone (also the 76.4% Fib of the $138–$149 move). - A break below $140 could accelerate losses toward $132, and a close under $132 would expose $124 in the near term. Technical indicators (hourly) - MACD: bearish momentum picking up. - RSI: trading below 50, indicating short-term weakness. Bottom line Short-term momentum favors the bears until SOL reclaims the mid-$140s, but $140–$141 is a key demand zone to watch. Traders should monitor the 100-hour SMA and the hourly trend line for signs of either renewed buying or a deeper correction. Read more AI-generated news on: undefined/news

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