Weak follow-through in BTC sparks renewed selling pressure across major altcoins
Solana has entered a deeper pullback phase after Bitcoin failed to sustain its early-week breakout, a move that briefly lifted sentiment before fading quickly. The rejeection at Bitcoin’s multi-week resistance zone triggered broad market softness, leaving SOL unable to reclaim key levels and pushing it further into a tightening corrective structure.
Mid-Range Weakness Persists
Current price action shows Solana trading within a compressed band just below a critical supply region that has repeatedly rejected upward attempts. The market highlights a series of break-of-structure signals, reinforcing the broader downtrend that has persisted through the final quarter of the year.
SOL remains capped beneath the $141–$145 liquidity block, an area where sellers have consistently absorbed upward momentum. Each attempt to rise into this zone has met with renewed supply, confirming its role as a structural ceiling in the present market cycle.
On the downside, Solana continues hovering above a major demand zone near the $118–$122 region, a level that previously generated a strong reaction. However, the current retest shows weaker defense, raising the possibility of deeper movement toward lower liquidity pockets if buyers fail to step in.
Bitcoin’s failed attempt to hold above $94,500 after triggering a minor short squeeze has had a measurable impact on altcoin performance. The fading momentum has produced broad risk-off behavior, pulling SOL lower as traders rotate into safer positions.
For Solana to stabilizee, it must defend near-term support and establish fresh higher lows. A recovery above the $145 resistance band would be required to shift sentiment and confirm the start of a broader structural reversal. Until then, market conditions remain tilted toward caution with a continuation of range-bound or downward bias likely.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.