Solana is testing investor confidence as the SOL price slips back toward key support levels, even as the network continues to expand across multiple fronts. After briefly pushing above $147 earlier this week, the token failed to hold its gains and is now trading below $145.
The pullback comes at a time when Solana is seeing rising institutional interest, growing real-world asset adoption, and new user-focused initiatives, creating a contrast between short-term price pressure and longer-term ecosystem growth.
SOL Price Tests Critical Support Zone
SOL has entered a short-term correction after failing to clear the $150 resistance area. The price dropped below the $146 and $145 levels, moving under the 100-hour simple moving average. On the downside, technical analysts are watching the $141–$140 zone, where a bullish trend line and Fibonacci support converge.
If the SOL price breaks below $140, the next support sits near $132, with further downside risk toward $124. On the
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