Solana Price Prediction – This chart pattern often means trouble… Will SOL break below $146?

Recently, Solana (SOL) has seen a price rise of 12.1%, now at 150.51 USD, amidst neutral market sentiment influenced by geopolitical developments.

Trader Ali Martinez forecasts that SOL might decline to 146 USD or lower, based on bearish signals from the TD Sequential indicator and Fibonacci retracement analysis suggesting a possible drop to 140 USD.

Despite short-term concerns, Solana remains an appealing investment in the DeFi space, with expectations of future gains as market dynamics evolve.