- Solana leads blockchain revenue, but price structure remains bearish after the October crash.
- SOL trades in a tight range, with $120 support and $130 acting as resistance.
- Swing traders should wait for a confirmed breakout or breakdown before entering.
Solana Blockchain spent much of 2025 dominating blockchain revenue rankings. Strong fundamentals supported a powerful rally earlier in the year. That optimism faded fast after the sharp October crash. Price fell below $200 and sentiment flipped bearish. Since then, SOL has traded under heavy pressure. Swing traders now face a market that demands patience. The current setup rewards discipline rather than aggression. Smart positioning starts with understanding structure, momentum, and clear invalidation levels.
Solana Fundamentals Stay Strong as Price Struggles
Solana ended 2025 as the top revenue-generating blockchain. Network revenue reached roughly $1.3 billion for the year. Hyperliquid and TRON followed at a notable distance. On-chain activity stayed elevated throughout most months. Strong usage supported a bullish narrative for an extended period. That narrative broke during the October sell-off.
The crash erased confidence and forced SOL under the $200 level. Sellers controlled price action from that point forward. Despite strong fundamentals, technical damage remained severe. Bulls lost momentum and struggled to reclaim key zones. Market behavior shifted into a leverage-driven battle. Price action settled around the $120 region. That area attracted buyers and sellers repeatedly.
SOL Bulls defended the zone with moderate success. Bears pushed back near the $130 region. This back-and-forth defined recent trading conditions. Daily chart structure remained bearish at press time. A bullish shift requires a daily close above $127.87. That level marks the last local swing high. Evidence does not yet support such a breakout. Momentum indicators paint a cautious picture.
Waiting for Confirmation Beats Guessing the Bottom
The Chaikin Money Flow stayed below minus 0.05 for two months. Capital continued flowing out of SOL markets. Selling pressure stayed persistent, though intensity eased recently. The downtrend slowed during the last ten days. That slowdown does not confirm a reversal. Directional Movement Index readings showed no clear trend. Such conditions often precede expansion phases. A move above $130 could restore directional strength. Demand remains weak, so patience remains essential.
The recent slowdown in selling offers cautious optimism. Prices stopped accelerating lower during the past month. Structural damage still exists across higher timeframes. Swing traders should avoid premature entries. Current conditions favor range-based strategies. SOL trades between roughly $117 and $128. Lower timeframe traders can exploit this structure. Swing traders should remain selective and disciplined.
A bullish reversal requires confirmation. That confirmation begins with reclaiming $130. Sustained acceptance above that zone would improve confidence. A daily close above $127.87 would mark structural change. Bearish continuation also remains possible. A clean break below $117 would expose lower liquidity zones. Such a move would likely increase volatility. Risk management remains critical during range trading.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed