Solana Nears Key Support Levels as Analysts Watch the $142.60 Reaction Point

SOL trades in a corrective structure with support at $135.50 and key levels down to $126.47.

Analysts track $142.60 and $144.60 as the major resistance levels that guide the next move.

Open interest, ETF inflows and treasury accumulation show steady participation around the current range.

Solana entered the weekend with steady movement around the mid-$130 range, and traders examined how price reacted after last week’s rejection near $144.60. The market formed a clean three-wave pullback from that resistance and has now reached the first support at the 38.2% retracement near $135.50. Key attention shifts to the next support levels at $132.84, $130.17 and $126.47 as Solana moves inside an active corrective structure.

Corrective Wave Structure and Resistance Levels

Solana trades inside a defined Fibonacci zone that stretches between $135.57 and $130.17, and short candles show controlled movements within this area. The chart records a completed A-wave and an active B-wave attempt, and analysts watch for a reaction that could support a short-term bounce

According to an observation by More Crypto Online, a move above $142.60 would be the first sign that Solana is ready to challenge the yellow resistance line again. The main resistance sits at $144.60, which stopped the recent rally and remains the barrier that must break before any attempt toward $157

Source: DonaldsTrades(X)

Buyers defended the 61.8% retracement at $138.28 during earlier sessions, while sellers remained active near $138.71 and $142.63. Market volume at these levels will help confirm whether the developing B-wave can extend higher. Donalds Trades also reported a potential inverse head-and-shoulders pattern forming inside a broader descending wedge. He stated that the formation “targets around $160,” and price continues to move toward the mid-wedge area as traders monitor the upper trendline.

Market Participation and ETF Activity

Coinglass data shows that open interest increased 1.7%, even as the market recorded a small pullback. Traders added about $12.5 million in notional leverage to protect the $135 region, and funding rates turned positive at 0.0027%, which shows that bullish positions remain active.

ETF flows also supported the market tone. Farside Investors reported $5.3 million in net inflows on Friday, recovering from Thursday’s outflow after 21Shares withdrew its Solana staking ETF application

Corporate treasuries continued to accumulate as well, raising their combined holdings above 16 million SOL in 2025. This steady accumulation adds weight to the support cluster and shapes Solana’s path as traders watch the next reaction at $142.60 and $144.60.

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