Solana
Solana Tests Key Support Levels as Broader Market Pullback Continues
Solana trades lower alongside Ethereum as analysts track support thresholds near $114 and $110.
Solana declined 4.14% over 24 hours and 4.66% over the week to trade at $115.85, according to CoinGecko figures. The downturn coincided with a 5.60% drop in Ethereum, prompting market watchers to assess whether weakness in major tokens is transmitting across the altcoin market.
According to analysis from Ali Charts, Solana moved toward $117.25 after losing support around $120, where lower RSI highs pointed to waning buyer momentum. The analyst highlighted $114 as an immediate technical level, noting that a decisive break below it would bring the $110 area into focus.
A recovery above $120 would be required to ease current technical pressure on the asset, while broader market direction remains closely tied to price movements in leading tokens.
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