Sol price has been supported by a continuous rising trend line, which significantly strengthens this support zone. Recent market movements have seen Solani struggling near this level, hinting at instability if it fails to hold.

Solana underwent a similar test earlier in May when it fell to $120 before embarking on a recovery that saw its price rise to $188 during the same month, demonstrating its volatility and resilience. The RSI indicates recovery potential. However, maintaining support above $135 is critical for SOL to regain bullish momentum.

Looking ahead, analysts are forecasting a potential move higher for Solana, with expectations pointing to a 16.15% rise, potentially reaching $156.25 by mid-July 2024, according to current CoinCodex forecasts. Despite this optimistic outlook, market sentiment remains cautious, leaning bearish according to technical indicators. The Fear and Greed Index, a measure of market sentiment, currently stands at 74, indicating a period of greed among investors.

Solana has experienced notable volatility over the past 30 days, with 37% of trading days ending in the green. This fluctuation highlights the dynamic nature of SOL's market behavior amid ongoing price corrections and shifts in investor sentiment.

As SOL navigates these complex dynamics, the next important levels to watch are $140 and $150, where sustained momentum could potentially signal a broader recovery. The cryptocurrency market's reaction to upcoming events will likely determine Solana's trajectory in the short term.