Solana Approaches Death Cross Near $130 as $123 Support Zone Faces Test

Solana trades near $130 as a technical death cross between the 50-day and 200-day moving averages forms for the first time since early 2023. The cryptocurrency remains within a descending channel established in mid-September, with the $121–$123 support zone under mounting pressure. A breakdown below this level could expose SOL to declines toward $107 and potentially $95.