Heavy Selling Hits Solana Following Rejection at Key Resistance

Solana (SOL) stumbled into a heavy sell-off after repeated attempts to break through the $158–$159 resistance band fell flat, leading to a sharp intraday reversal that put the bulls on the defensive.

The breakdown intensified shortly after 13:00, as volume surged past 1.1 million and sellers drove the price below the critical $153.10–$153.30 support area. That breach accelerated downside momentum, catching late longs off guard and forcing quick liquidations.

Though SOL has since managed a minor recovery above $153, the overall setup remains fragile. Lower highs and increased selling interest continue to weigh on short-term sentiment.

Technical Recap:

Resistance Block: SOL was rejected several times near the $158–$159 zone, sparking a swift 4.48% pullback from local highs.
Breakdown on Volume: The loss of $153.10–$153.30 support occurred alongside high-volume trades, confirming bearish conviction.
Intraday Sell Pressure: SOL fell from $154.53 to $151.89 in the final hour of trading—a 1.7% move lower.
Notable Trades: Significant sell orders hit at 13:40 (36K) and 13:48 (59K), marking key points of capitulation.
Partial Rebound: The token bounced back to $153.81, with some buyers stepping in near the $152.50 level.
Bearish Structure: The pattern of lower highs and rising exit volume signals ongoing downside risk.
What’s Next: A recovery above $153.30 is needed to regain short-term bullish footing; otherwise, a test of the $150 psychological support appears likely.

With resistance proving too strong and downside pressure building, Solana’s technical picture suggests caution is warranted unless bulls can reclaim control soon.