Solana(SOL) today’s trend has entered a critical battle. As of press time, the price hovers around $134.90, with a 24-hour decline of 2.05%, reaching a high of $141.99 and a low of $134.41. Trading volume in this wave is moderate, with 2.5773 million SOL exchanged, corresponding to a trading volume of 356 million USDT. The market is clearly in a wait-and-see phase.

From a technical perspective, the current position is somewhat delicate. The price is close to the 24-hour low, while the 7-day moving average($136.19) and the 25-day moving average($138.19) are both pressing down, indicating short-term resistance. More notably, the 99-day moving average($136.46) has become an important dividing line between bulls and bears—once the direction is confirmed, the subsequent trend will become clearer.

The key to the short-term market lies in the $134-$136 range. If the price can hold above $135, technically, a small long position can be attempted, with the first target in the $138-$141 area. Conversely, if the price falls below $134, risks will increase, and the next support level to watch is $130.

Indicators MACD and RSI are worth monitoring—if they enter oversold territory, it often signals that a rebound window is opening. However, from a longer-term perspective, SOL has declined significantly over the past 90 days(-38.44%), and whether it can bottom out at this level still requires time to confirm. Confirmation of the bottom usually requires volume support, which is currently insufficient.