Solana Faces a Valuation of $120: Will History Repeat Itself?

Solana continues to face increasing selling pressure as it struggles to reclaim the $150 level, with broader market instability weighing on price action. Down nearly 60% from its all-time high, Solana reflects the weakness seen across the entire cryptocurrency sector, where fear and volatility have returned to dominate investor sentiment. As macroeconomic instability and risk-averse behavior persist, buyers have been unable to regain control and confidence remains shaky. Top cryptocurrency analyst Ali Martinez recently shared an important technical analysis, identifying the $120 level as a crucial area that determines the success or failure of Solana. According to Martinez, this level has historically marked significant changes in the price trajectory of SOL, often serving as a critical point between recovery and subsequent decline. With Solana currently hovering at this dangerous threshold, traders are closely monitoring to see if it can hold or break. If $120 does not act as support, it could trigger a deeper correction. On the other hand, holding this level could provide buyers with a basis for a potential comeback — especially if market conditions stabilize. Currently, Solana remains in a vulnerable position and how it behaves around this critical level could determine its direction in the coming weeks. Solana holds significant demand as global trade war tensions rise. Solana is trading at an important support zone as selling pressure increases across the cryptocurrency market, due to escalating global tensions and concerns about a trade war. On Liberation Day, U.S. President Donald Trump announced new tariffs, provoking a strong reaction from major economies like China. The consequences have shaken investor confidence across all markets, including cryptocurrency, where risky assets are feeling the weight of rising instability and decreasing demand. Solana (SOL) is particularly vulnerable, with price action sliding towards key support levels. Analysts warn that if current demand does not hold, the bearish trend could accelerate. The next few days will be crucial, as continued weakness into next week could confirm a bearish collapse. Many traders are bracing for further dips if the market does not stabilize soon. Martinez recently emphasized the importance of the current support zone. According to his analysis, the $120 level is a decisive point for Solana's success or failure. Historically, this area has marked major trend reversals and momentum shifts. Failing to hold above this level could lead to a deeper correction, while a recovery from this level could ignite a rebound.

With SOL down 60% from its all-time high, the buyers are on the defensive. If they can defend the $120 level, there is still hope for a reversal — but losing this level could signal that the broader downtrend remains intact. In the coming days, all eyes will be on Solana's ability to hold its ground as macro pressure continues to shape the direction of the cryptocurrency market. ⚠️IMPORTANT! If you like this topic, don't forget: • Follow me @blogtienso for more interesting content! • Like, share and leave a comment 💖and don't forget DYOR! #Write2Earn #Write&Earn $SOL {spot}(SOLUSDT)