TLDR SOL price revisits the $121 range low as downside momentum begins to fade. Failure to break below $121 suggests demand absorption at key support. 4H structureTLDR SOL price revisits the $121 range low as downside momentum begins to fade. Failure to break below $121 suggests demand absorption at key support. 4H structure

Solana Price Prediction: Support Test Could Set Up Move Toward $160

TLDR

  • SOL price revisits the $121 range low as downside momentum begins to fade.
  • Failure to break below $121 suggests demand absorption at key support.
  • 4H structure shows controlled retracement above a prior consolidation base.
  • Daily Fair Value Gap near $128–$129 adds confluence for potential upside.

Solana(SOL) price is approaching a critical technical juncture as multiple analysts track reactions around key support zones. Recent downside pressure has slowed, shifting focus toward whether current levels hold or break. Several charts now frame the $121–$129 range as pivotal for near-term direction and potential upside continuation.

Solana price Tests $121 Range Low Support

According to analyst Crypto Tony, the medium-term chart shows Solana price revisiting the lower boundary of a well-established horizontal range near $121. This level has repeatedly acted as a reaction zone, increasing its importance in the current structure. Price has declined from recent highs, but downside momentum has weakened as it approaches this zone.

Notably, sellers have struggled to force a decisive breakdown below the range low. Candles near $121 show reduced follow-through, suggesting demand may be absorbing sell pressure. Historically, such behavior around range extremes often precedes either consolidation or a technical bounce.

Tony noted that a confirmed loss of $121 would alter short-term structure decisively. A breakdown could expose deeper liquidity zones below. Conversely, holding this level would keep Solana price within a broader consolidation, rather than confirming a bearish trend shift.

Support Zone Defines Short-Term Structure

Meanwhile, analyst TraderSZ focused on the four-hour chart, where a clearly defined support zone marks the current decision zone. Solana price has retraced sharply from the $148–$150 zone and is now consolidating directly above this zone. The reaction suggests controlled retracement rather than panic-driven selling.

This zone aligns with a prior consolidation base that preceded the latest impulsive move higher. Markets often revisit such bases to validate demand before resuming direction. The current pause reflects balance, indicating neither buyers nor sellers have seized control.

The analyst emphasized that sustained acceptance below this level would weaken the bullish structure. However, as long as the price holds above support, the broader trend bias remains constructive. A rebound from this zone could allow Solana price to rebuild momentum toward higher resistance.

Fair Value Gap Acts as Support Zone

Additionally, another analyst, Cryptocium, highlighted a bullish Fair Value Gap on the daily timeframe, located around the $128–$129 region. This zone overlaps with horizontal support, creating technical confluence. Such overlap often increases the probability of a price reaction.

Solana price recently pulled back into this imbalance following a strong upside move earlier in the month. Retracements into Fair Value Gaps are common in trending environments, as markets seek efficiency before continuation. This behavior supports the view that the pullback may be corrective rather than distributive.

Cryptocium indicated that holding this Fair Value Gap could stabilize price action and attract incremental buyers. A decisive breakdown would invalidate the imbalance and expose lower demand levels. As long as this support holds, the broader bullish structure remains technically intact.

The post Solana Price Prediction: Support Test Could Set Up Move Toward $160 appeared first on CoinCentral.

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