Solana price stalls under resistance, imbalance favors $112 sweep

Solana breaks below key resistance at $146, signaling weakening momentum. With bearish imbalance building, price now risks a deeper drop toward $112 support.

Solana’s (SOL) price action has entered a critical technical phase following a decisive breakdown from the high-timeframe resistance zone at $146. This region previously served as a major structural level for bulls to defend, and its loss has left the market vulnerable.

Multiple daily candle closes below this resistance now indicate a confirmed acceptance back inside a lower trading range, creating technical conditions that favor a continuation toward the next support level at $112.

Solana price key technical points

• Major Resistance Lost: The $146 level has failed to hold, flipping into resistance following multiple daily rejections.
• Next Support at $112: The next significant high-timeframe support sits at $112, creating a wide corrective range.
• Bearish Imbalance: Momentum and structure favor continuation lower unless price reclaims $146.

Solana’s inability to maintain a position above $146 indicates a broader shift in market sentiment. This zone represented a decisive technical boundary between bullish continuation and macro compression. Its loss now puts $112 in focus as the next logical liquidity target, given the lack of intermediate support structures between the two levels.

The current market environment shows Solana accepting value within a lower range, a common precursor to expansion toward the opposing boundary of that range. This acceptance is confirmed by daily closes below resistance and a lack of high-volume bullish reaction, suggesting that buyers are unwilling or unable to defend the failed level.

From a trend perspective, the rejection at $146 also establishes another lower high within the existing bearish continuation structure. Until this high is reclaimed, trend bias remains firmly to the downside. A reclaim of $146 on convincing volume would invalidate the immediate bearish thesis and re-open the path toward $170 and beyond.

For now, however, price structure, volume behavior, and liquidity positioning all align with a sweep into $112, an area that historically acts as major demand and contains confluence with volume profile support.

What to expect in the coming price action

Unless Solana reclaims $146, downside continuation into $112 remains the highest-probability outcome. A bounce may occur once that level is reached, but failure to hold $112 would expose a far larger corrective leg and extend the current bearish cycle.