Solana Holds Key Support After 20% Slide As Traders Watch $128 And $150 Levels

Solana's price has cooled after a roughly 20% decline from resistance near $150, with the token now hovering around a key technical area. Analyst Umair Crypto highlighted that rejection at the Value Area High near $141 sent SOL back into its two-month trading range, where it is retesting the Value Area Low flip zone around $128. Further consolidation above this support, described by BitGuru as a compression phase, could precede a sharp move in either direction depending on how price reacts to nearby support and resistance.