**Solana Price Rebounds from $142 Support Amid Oversold Conditions**
Solana (SOL) price is showing early signs of stabilization after weeks of heavy selling pressure pushed the token into the $142-$145 support region. This level, tested twice, appears to be holding firm, indicating a potential oversold bounce and renewed bullish interest.
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### Key Technical Levels for Solana (SOL)
– **Major Support:** $145, tested twice and holding strong on the high-timeframe chart
– **Immediate Resistance:** $200, the next critical barrier for bullish continuation
– **Market Condition:** Oversold, signaling potential for a short-term recovery
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Solana’s recent correction has been aggressive, driving price action into oversold territory. Buyers have now stepped in to defend the $142-$145 region, which represents a high-timeframe support zone. The fact that this support has held firm on two separate attempts suggests strong demand despite recent bearish momentum.
From a technical perspective, this could mark the early stages of a double bottom formation, a pattern that often precedes a short-term recovery. For this setup to fully play out, Solana must reclaim the value area low lost during the prior decline. Regaining this level would indicate that buyers are reasserting control and that the overall market structure is beginning to recover.
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The next critical resistance lies at $200, representing the upper boundary of the current trading range. A confirmed breakout above this level — ideally supported by substantial bullish volume — would signal a shift in momentum and open the door for a larger rally. Until then, Solana is likely to trade within the $145 support and $200 resistance range, forming a consolidation pattern as the market decides its next move.
Momentum indicators currently suggest a short-term rebound, with oversold signals flashing across multiple timeframes. However, a sustained reversal will require both volume expansion and a clear reclaim of lost resistance levels. Without these confirmations, any bounce risks fading into continued sideways movement.
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### What to Expect in the Coming Sessions
If Solana maintains its footing above the $145 support, the probability of a short-term rotation toward the $200 resistance increases significantly. A break and daily close above $200 would confirm a bullish structural shift, potentially setting the stage for a continuation rally toward higher resistance levels.
On the other hand, failure to reclaim the $200 resistance could prolong the consolidation phase or even trigger another retest of the $145 support.
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**In summary**, Solana is at a critical juncture. Holding above $145 is vital for building bullish momentum, while a decisive move above $200 could pave the way for further upside. Traders and investors should watch these key levels closely as the token navigates this important support and resistance range.
https://crypto.news/solana-price-bounces-bullish-rally-ahead/