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**Solana Price Rebounds from $142 Support Amid Oversold Conditions**

Solana (SOL) price is showing early signs of stabilization after weeks of heavy selling pressure pushed the token into the $142-$145 support region. This level, tested twice, appears to be holding firm, hinting at a potential oversold bounce and renewed bullish interest. Holding above $145 could spark a relief rally toward $200 if bullish momentum confirms.

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### Key Technical Levels for Solana (SOL)

– **Major Support:** $145 — tested twice and holding firm on the high-timeframe chart.
– **Immediate Resistance:** $200 — the next key barrier for bullish continuation.
– **Market Condition:** Oversold, signaling potential for a short-term recovery.

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Solana’s recent correction has been aggressive, driving price action into oversold conditions. Buyers have now stepped in to defend the $142-$145 region. This area represents a high-timeframe support zone that has held strong on two separate attempts, suggesting robust demand despite the recent bearish momentum.

From a technical perspective, this could be the early stages of a double bottom formation—a pattern that often precedes short-term recoveries. For this setup to fully materialize, Solana must reclaim the value area low that was lost during the prior decline. Regaining this level would indicate buyers are re-establishing control and that the market structure is beginning to recover.

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### Resistance and Potential Rally

The next critical resistance lies at $200, which marks the upper boundary of the current trading range. A confirmed breakout above this level, accompanied by substantial bullish volume, would signal a potential shift in momentum and could open the door for a larger rally.

Until then, Solana is likely to trade between the $145 support and $200 resistance levels, forming a consolidation range as the market decides its next move.

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### Momentum and Market Outlook

Momentum indicators suggest a short-term rebound, with oversold signals flashing across multiple timeframes. However, a sustained reversal requires both volume expansion and a clear reclaim of lost resistance levels. Without these confirmations, any bounce risks fading into continued sideways movement.

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### What to Expect Next

If Solana maintains its footing above the $145 support, the likelihood of a short-term rotation toward the $200 resistance increases. A break and daily close above $200 would confirm a bullish structural shift, potentially setting the stage for a continuation rally toward higher resistance levels.

Conversely, failure to reclaim $200 could prolong consolidation or trigger another retest of support.

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**Summary:**
Solana’s price action is at a critical juncture. Holding the $145 support level and breaking above $200 resistance are key conditions for a bullish rebound. Traders should watch volume and momentum closely to gauge the strength of any potential rally.
https://bitcoinethereumnews.com/tech/solana-price-bounces-bullish-rally-ahead/

**Ethereum Price Faces Pressure After Rejection from $4,200 Resistance**

Ethereum’s (ETH) price is showing signs of weakness following a harsh rejection from the $4,200 resistance zone—a key technical level that previously acted as a pivot for bullish continuation. The inability to reclaim this region has shifted short-term sentiment to bearish, with price now trending lower toward crucial support levels. This loss of structure suggests that Ethereum could be entering a deeper corrective phase before any meaningful recovery attempt.

### Key Technical Points for Ethereum Price

– **Major Resistance:** $4,200 remains the pivotal resistance level, recently rejected on high volume.
– **Support Zone in Focus:** The next high-timeframe support sits at $3,437.
– **Market Structure Shift:** A breakdown below the value area low indicates weakening momentum.

From a technical perspective, Ethereum’s price action clearly shows signs of structural deterioration. The rejection at $4,200 triggered a shift in momentum, with the price now moving below the value area low—an important indicator that sellers have regained control of the short-term trend.

This decline has exposed resting liquidity beneath recent swing lows, where a large cluster of stop orders may act as a magnet for price. Once this liquidity is taken out, the probability of an accelerated move toward the $3,437 high-timeframe support level increases significantly.

The $3,437 region is historically important as a demand zone, previously serving as a base for multiple bullish rotations. If Ethereum finds support here, a trading range between $3,437 and $4,200 could form, laying the groundwork for a longer-term accumulation phase.

Ethereum’s recent failure to sustain levels above $4,200 confirms a local breakdown in bullish momentum. Until the market reclaims this level on a closing basis, the path of least resistance remains downward. The emergence of lower highs and lower lows on the mid-timeframe charts further supports this bearish bias.

However, holding the $3,437 support could stabilize price action, potentially turning this corrective leg into a consolidation phase before a renewed attempt at recovery.

### What to Expect in the Coming Price Action

Traders should closely monitor Ethereum’s behavior as it approaches the $3,437 support zone. A strong bounce accompanied by rising volume could mark the beginning of an accumulation range. Conversely, failure to defend this level may trigger another wave of selling pressure.

In the short term, the key trading boundaries for Ethereum remain the $4,200 resistance and $3,437 support levels. Until a decisive breakout or breakdown occurs, ETH is likely to remain range-bound, with risks slightly skewed to the downside.

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Stay tuned for further updates as the situation develops and market conditions evolve.
https://crypto.news/ethereum-price-under-pressure-failure-to-reclaim-4200-raises-bearish-risk/

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Solana price bounces: Bullish rally ahead?

Ethereum price under pressure, failure to reclaim $4,200 raises bearish risk