🟣 Solana (SOL) Near Critical Retest of $119 — Key Levels to Watch

The broader crypto market remains under pressure, and Solana continues to trade deep in the red as selling momentum intensifies.
On Jan 25, well-known crypto analyst Ali Martinez highlighted that SOL is still facing downside pressure and may be heading toward a retest of its 2025 lows.
🔹 New Support Zone Emerging SOL appears to be in an extended correction phase. On-chain data suggests a potential new support zone around $119.
After rallying to $144.62 last week, Solana faced strong resistance near the $144 level and was repeatedly rejected. This rejection pushed the price below the intermediate support at $131.45, with SOL now trading around the $127 range.
🔹 $119: A Crucial Demand Level The $119.54 zone is now a key level to monitor. Historically, this area has acted as a strong demand zone, where buyers stepped in aggressively, triggering price rebounds.
Heavy accumulation around this level makes it critical to watch whether SOL can hold this support if selling pressure continues.
🔹 Correction or Trend Reversal? While the recent pullback follows a sharp rally earlier this month, the move still appears to be a healthy correction, not necessarily a full trend reversal.
⚠️ However, a breakdown below $119 could open the door to deeper downside risks for Solana.
📊 Key Levels
Resistance: $144
Current Price Zone: $127
Major Support: $119
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