Solana price is holding firm at the key $131 support level, with early signs of accumulation suggesting a potential trend reversal.
Summary
- Investor sentiment is gradually improving as Solana shows resilience despite broader market weakness.
- Consolidation duration increases the probability of a meaningful recovery move.
- A shift in volume behaviour will be the main catalyst determining Solana’s next major direction.
Solana’s (SOL) price action has entered a critical phase as the asset continues to defend the $131 support zone, one of the most critical technical levels on its mid-term chart. After weeks of persistent downside pressure, Solana is now exhibiting characteristics often associated with early accumulation, a process that can precede a bullish reversal if sustained.
Solana price key technical points
- $131 support has held for nearly a month, signalling strong underlying demand.
- Accumulation structure forming, with repeated defenses of the swing low.
- Upside targets include $187, aligning with value area low and high-time-frame resistance.
Solana’s prolonged defense of the $131 support has become one of the defining technical signals of its current consolidation phase. Over the past month, the price has repeatedly tested this level without breaking below it, suggesting that buyers are absorbing selling pressure efficiently. This behavior often occurs within accumulation zones, where participants gradually build positions before a broader market expansion.
The current consolidation mirrors classic accumulation formations, in which price compresses within a range as the market transitions from distribution to absorption. Solana’s failure to break below its recent swing low reinforces the idea that the market has found a temporary floor.
Each test of the support level has been met with visible demand, further strengthening the case for this region acting as a structural pivot. And with cross-chain activity expanding—most recently through Base and Solana enabling asset transfers via a new bridge secured by Chainlink and Coinbase—broader ecosystem growth may help support sentiment during this accumulation phase.
As long as Solana continues to close candles above $131, the accumulation thesis remains intact. Maintaining this level allows market structure to stabilize and increases the probability of a bullish rotation. Should the consolidation continue tightening without breaking down, Solana may be setting the foundation for a reversal toward higher resistance zones.
On the upside, the first major target remains the value area low, followed by the $187 high-time-frame resistance level, a region that historically acts as a major decision point for Solana’s trend. A breakout from the accumulation range with supporting volume would significantly increase the likelihood of price revisiting this resistance.
It is important to acknowledge that accumulation phases often require time to mature. Solana has already spent several weeks trading around this support, which is typically sufficient to identify the early stages of a re-accumulation range. This duration suggests that a structural shift could be underway, but confirmation will depend on volume expansion and a break above local resistance levels.
From a broader perspective, Solana’s current location on the chart represents the lower boundary of its value distribution. Historically, such areas often mark optimal reversal zones, especially when previous tests have produced substantial bullish expansions. Should this scenario repeat, Solana could be preparing for another strong move to the upside.
What to expect in the coming price action
If Solana successfully maintains support at $131 and continues forming higher lows, the likelihood of a bullish reversal strengthens. A breakout from the current accumulation range may trigger a rally toward $187. However, a breakdown below the support would invalidate the structure and open the door for deeper corrective moves.
Source: https://crypto.news/solana-price-shows-signs-accumulation-reversal-sight/
