Solana (SOL) found a tentative lifeline after bouncing off the $129 support zone, but despite the relief move, the narrative remains cautious. The altcoin’s rebound comes amid lingering pressure from token unlocks and macro headwinds, and analysts warn that a false break higher could be in motion if bullish momentum fades. The scenario leaves investors weighing whether this is a rebound or merely a brief pause in a deeper downtrend.
This is the tweet content about Solana's price action and potential outlook.
Unlocks and Momentum Weakness Cloud SOL’s Near-Term Outlook
SOL’s recent uptick occurred despite ongoing token unlocks from key ecosystem players, which continue to fuel selling pressure. According to trading data, activations of large SOL unlocks have repeatedly pressured the market, casting doubt on the sustainability of any bounce. While the support at $129 has held for now, the price action shows momentum indicators lagging, hinting that bulls may be defending a fragile position rather than asserting a reversal.
Further complicating matters, technical metrics show SOL remains under pressure despite the bounce. The RSI is still in the low-30 range, and SOL has failed to reclaim key moving averages. These conditions suggest the rebound may fit the pattern of relief moves seen during broader altcoin corrections. If holders fail to reclaim higher resistance levels soon, the risk of slipping toward lower zones near $120 or even $100 increases significantly.
For market participants, the next steps are critical. A sustained break above $140 and a reclaim of higher resistance zones could reshape sentiment, but failure to hold above $129 would signal underlying weakness and open the path to deeper losses. Traders are advised to monitor two key variables: the timing and magnitude of upcoming unlocks, and real demand coming into the market. Until these align in favor of the bulls, caution remains warranted for anyone holding or considering SOL.