Solana loses rising trendline near $120 after rejection from $124-$125 range
Brave New Coin reports Solana rejected the $124-$125 range and fell back near $118, below a rising trendline that carried the recovery from about $96.
Why it matters
The break removes the trendline that carried SOL up from about $96, and the outlet's own read is that $115-$118 and then $100-$105 are the levels that follow. ETF trading and record stablecoin supply are cited as the demand side without any figures, and with no second outlet reporting, the significance is limited to a single-source technical read on a token chart.
Key facts
Solana was rejected from the $124-$125 region after its rally paused at $125.
125 USDReported by Brave New Coin
SOL was trading back near $118 after the decline.
118 USDReported by Brave New Coin
SOL broke below the rising trendline near $120-$121 that had supported a recovery from about $96.
96 USDReported by Brave New Coin
Brave New Coin describes the broken trendline as an important resistance level if SOL attempts a recovery.
Reported by Brave New Coin
Jesse Peralta's two-hour chart shows SOL breaking beneath the trendline around $120-$121 before extending its decline toward $118.
118 USDReported by Brave New Coin
Brave New Coin names the $115-$118 area as the immediate region to watch, and says a recovery above $120-$122 would help reverse the breakdown.
115 USDReported by Brave New Coin
Losing the $115 level would bring Solana's $100-$105 support zone into focus, according to Brave New Coin.
105 USDReported by Brave New Coin
Brave New Coin cites ETF trading and record stablecoin supply as reasons for a longer-term view on Solana, and says SOL needs to reclaim $120-$125.
120 USDReported by Brave New Coin
What happened
Brave New Coin reports that Solana's rally stopped at $125, where the token was rejected from the $124-$125 region, and that SOL is now trading back near $118. The outlet says price has broken below a rising trendline near $120-$121 that supported the recovery from roughly $96, which turns that line into a resistance level if SOL tries to recover. Jesse Peralta's two-hour chart, cited by Brave New Coin, shows SOL breaking beneath the trendline and then extending its decline toward $118. The outlet names $115-$118 as the immediate area, and says a hold there could let SOL build a new short-term base while a loss of $115 would put the $100-$105 support zone in focus. Brave New Coin also cites ETF trading and record stablecoin supply as the longer-term backdrop, while saying SOL still needs to reclaim $120-$125. No other outlet covered the move, so the technical reading and the levels rest on that single report.
How the story developed
- First report
First report by Brave New Coin
Solana Price Prediction: $125 Rejection Puts the $100-$105 Support Zone on Watch
- Update
Brave New Coin reports SOL breaking below a rising trendline near $120
The report describes a rejection from $124-$125, SOL back near $118, and the $115-$118 and $100-$105 levels that follow from there.
Affected entities
Also mentioned: XRP, Base, Hyperliquid
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Brave New Coin Crypto media | Solana Price Prediction: $125 Rejection Puts the $100-$105 Support Zone on Watch | Original |
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