Solana Holds Firm Near $126.52 Support As Divergence Forms and Market Eyes $143.48 Resistance

Solana trades near the $126.52 support level, where a bullish divergence and a sweep of the previous low recently appeared.

The token records a 9.8% weekly decline, while its BTC pair gains 2.0%, creating a contrasting short-term momentum signal.

The $143.48 resistance level and the current tightening range provide the main reference points for tracking upcoming movements.

Solana’s price movement drew renewed attention after the token moved closer to a major support zone that has held several previous reactions. The token was trading at $128.26 during the latest session, marking a 9.8 percent decline over the past seven days. This drop placed the market near the $126.52 support level, which aligns with the area highlighted on the chart where a bullish divergence and a sweep of the previous low appeared

These elements now provide a focal point for observing how the market responds as the current daily structure continues to develop. The 24-hour range also reflects activity near the lower boundary, which keeps attention on the market’s attempt to stabilize after the latest downward leg.

Price Holds Near Support as Chart Structure Stabilizes

The support level at $126.52 remains notable because the market interacted with this zone during prior reactions. This interaction helps traders monitor whether the level maintains its role after the recent decline

The RSI structure on the chart also shows a divergence where momentum turned upward while price made a lower low. This observation adds context to the location of the current price, especially as the candle formation recorded a sweep of the previous low before returning above support.

However, the resistance level at $143.48 remains far from the current price. This distance keeps focus on the lower boundary for now, especially as the token trades within the 24-hour range marked on the chart. Market participants can therefore track whether the stabilization continues or whether the price returns toward the lower end of the range. The interaction between these reference points establishes the framework for the next set of observations.

Market Reviews Momentum Shifts After Recent Decline

Solana also trades at 0.001523 BTC, marking a 2.0 percent increase in the BTC pairing. This difference between the BTC pair and the USDT pair gives the market another benchmark for evaluating short-term shifts

The divergence noted on the RSI provides a second reference point as it developed alongside the sweep of the prior low. These combined factors now guide how the daily structure may unfold in the sessions ahead.

Focus Turns to Upcoming Levels as Market Watches Tight Range

The narrowing distance between the current price and support keeps attention on how Solana behaves near the lower boundary. As the market moves through this zone, traders observe whether the recent divergence and sweep support continued stabilization or whether volatility expands again. The resistance at $143.48 remains the upper boundary of the monitored range, giving the market two fixed points for tracking future movement within the ongoing structure.