Solana price prediction: Is $130 the next target as SOL fails to reclaim $155? - AMB Crypto

Irma - Aug 15 - - Dev Community

Solana [SOL] dipped below $150, facing increasing bearish pressure. A breakout past $160 was expected to push towards $190, but Bitcoin’s rejection at $62.5k caused SOL to drop further.

SOL’s mid-range support at $154, aligned with the 50% Fibonacci retracement level, was breached, turning short-term bias bearish. Despite the OBV showing some strength, the MACD's bearish crossover indicates solid downward momentum.

A liquidity pocket at $140 could trigger a short-term reversal, as seen on August 7th. However, weak demand and bearish momentum may drive prices below $140 toward $130 or lower.

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