#Solana has completed a multi-month downtrend after a strong run-up. Recent candles show the price stalling around the $125–$135 zone, which acted as support earlier in the year.

The trend from August to November is clearly down, but the recent weeks show:
Selling momentum slowing
Price holding above the prior $110–$120 demand zone
A series of higher lows on the micro timeframe
This hints at accumulation, not capitulation.
Key levels marked on the chart:
Support: $120–$125
Resistance: $145, $160, then $180
Major breakdown line: $110
Unless $110 breaks, no major bearish continuation structure is present.

The RSI (14) shows:
A bullish divergence:
Price made lower lows, RSI made higher lows.
RSI is rising from oversold territory but has not yet entered bullish (>50) territory.
This is often seen in bottoming phases, not in mid-trend declines.

Scenario A — Slow grind upward toward $145–$160 (most likely)
Why?
Bullish divergence
Price defending multi-month support
Sellers losing momentum
Move could look like:
Retest $135 → Break to $145 → Maybe $160 if volume expands
Probability: 60%

Scenario B — Range-bound chop between $120–$140
If the market stays uncertain, SOL may consolidate before choosing direction.
Probability: 30%

Scenario C — Breakdown to $110 (low probability unless #BTC dumps)
This would require:
A clear close below $120
Rising volume on breakdown
Macro or market-wide risk-off
Probability: 10%
At the moment, the chart does not show strong bearish continuation signals.

Based on the chart:
Selling pressure has diminished
Momentum is turning upward
RSI divergence supports a recovery
Price is at a major historical support band
Short-term bias: mildly bullish toward $145–$160
Invalidated if SOL closes below $120 with volume