Solana price recovery has stalled near a critical threshold. The cryptocurrency climbed from $128 but now struggles to break above $138. A decisive close above $140 could determine whether the rally continues.
What Happened: Recovery Stalls At Key Resistance
SOL began recovering after bottoming at $128, mirroring moves in Bitcoin and Ethereum. The token broke through $130 and $132, clearing a bearish trend line that had capped earlier rallies. It now trades below $138 and the 100-hour simple moving average.
The cryptocurrency surpassed the 23.6% Fibonacci retracement level from its $147 high to $128 low, but immediate resistance sits at $137, which aligns with the 50% Fibonacci level.
The next major barrier stands at $140, followed by resistance at $142. A successful break above $142 would open the path toward $150 and potentially $155. Failure to clear $140 could push prices back to support at $132 or $130, with a drop below $128 potentially sending SOL toward $120.
Technical indicators show the hourly MACD gaining momentum in bullish territory, while the Relative Strength Index sits above 50.
Also Read: Bitcoin Quantum Threat Timeline Disputed As a16z Research Sparks Industry Split
Why It Matters: Make-Or-Break Threshold
The $140 level represents a critical decision point for Solana's recovery attempt, marking the 50% retracement of the recent decline—a technical level that often determines whether rallies can sustain momentum.
Breaking decisively above this zone would signal renewed buying interest and could attract momentum traders. Failing to clear it might confirm sellers remain in control, potentially triggering another leg down toward recent lows near $120.
Read Next: Pump.fun Token Creation Reaches 25,000 In Single Day As Meme Coin Activity Returns
