Solana at Critical Support: Potential Drop to $142 if Breakdown Occurs

Solana (SOL) is facing a difficult period amid a slowdown in the broader cryptocurrency market. After a strong performance earlier in the year, SOL's attempts to regain the $160 level have been unsuccessful, with demand diminishing and trading volume remaining low. Many investors remain hopeful that Solana could lead the next altcoin season once market conditions stabilize and liquidity improves, given its historical capacity for rapid recovery and outperformance during bullish phases. However, technical signals indicate that SOL may be on the verge of breaking a horizontal support zone, possibly initiating further declines if this support fails. Short-term caution is advised, with potential downside targets around $142 if bearish signals confirm a breakdown. Despite current challenges, Solana's development activity and ecosystem strength suggest long-term potential, though traders should monitor key support and resistance levels to determine future direction.