Solana Dips Below $143, Recovers to $147 as Buyers Step in Amid Market Turbulence
Solana (SOL) endured a volatile session Thursday, sliding over 8% from its daily high before recovering ground to trade at $147.40 by Friday. The sharp decline, largely attributed to broader market unease and macroeconomic uncertainty, tested investor sentiment—but ultimately highlighted strong support at the $142 level.
The intraday decline from $154.48 to $141.75 marked one of SOL’s steepest single-day drops in recent weeks. However, the swift rebound from sub-$143 levels suggests the move was more of a liquidity flush than a trend reversal.
Market Action & Key Observations:
- Price Decline: SOL lost over $12 intraday (-8.24%), reaching a low of $141.75 before rebounding.
- Volume Surge: Notable spikes in trading volume (3.1M+) between 19:00–20:00 UTC hint at forced liquidations and stop-loss triggers.
- Flash Crash Reversal: A quick drop to $144.93 around 01:20 UTC was met with aggressive buying, signaling deep interest at lower levels.
- Support Intact: Buyers defended the $141–$143 zone, which has now emerged as a key accumulation region.
- Stabilization: Price has settled around $147.40, with momentum indicators beginning to reset.
Outlook
Despite the temporary drawdown, Solana’s technical structure remains largely intact. The quick recovery underscores healthy demand and buyer confidence. As long as $142 holds, upside continuation toward $150–$152 remains in play.
For medium-term investors, this week’s volatility may present a constructive entry point. If macro conditions stabilize, SOL could regain upward momentum—especially if broader crypto sentiment turns risk-on.
