Solana Retests Bearish Breakout Zone – $65 Target Still In Play?
Summary
Solana is trading above $125 after bulls reclaimed key levels, signaling potential strength after weeks of selling pressure. Despite this recovery, analysts remain cautious, viewing it as possibly bearish rather than a reversal. Solana faces a pivotal test amid global risks, with macroeconomic uncertainty and trade war fears impacting risk assets. US tariff policies have increased market volatility. Solana's technical chart suggests a potential sharp reversal if it fails to hold above key support, risking a drop to $65. The $125 level is crucial, with resistance at $135–$145 needed for a recovery rally.
