Solana (SOL) Price Slips Below $130—Is $120 the Next Support to Watch?

Solana (SOL) has come under sharp pressure after dropping more than 10% in just a few days, pushing the price below $130 into a make-or-break support zone. The decline suggests sellers are still in control, while buyers are being forced to defend key levels to avoid a deeper slide. With market sentiment turning cautious and volatility picking up, traders are watching whether the SOL price can stabilize here and bounce or whether the breakdown continues toward the next major support area.  

The price is back under pressure after losing the $130 area, putting the spotlight on a key support zone that has held multiple times in recent weeks. The daily chart shows a broader downtrend from late 2025 highs, with rebounds failing to regain major resistance. Price is now slipping below the 50-day SMA, while volume remains steady, suggesting sellers still have control. With momentum indicators weakening again, the next few sessions could decide the next price action. 

SOL is testing a highlighted demand zone around $122–$126, after breaking back below $130. The 50-day SMA at $132.6 is overhead resistance, and the price is struggling to close above it, keeping the trend tilted bearish. Besides, MACD is rolling over and nearing a bearish crossover, hinting at renewed downside momentum. If $122 fails, the next targets sit near $120, then $112–$110. A bounce needs reclaiming $132–$135, opening $145–$150 next.

Collectively, the last pullback appears to cause more harm to the Solana price rally. Whenever the token plunges below the 50-day MA, the bears begin to dominate the rally and slash the price hard. Therefore, it is more important for the bulls to close the day’s trade above these levels to keep the bullish hopes alive. On the other hand, the MACD that underwent a bearish crossover seems to be plunging back into the negative zone, below 0. This may invalidate the bullish thesis, paving the way for a deeper correction below $120.