Solana’s price is showing renewed weakness after a brief bounce failed to gain strength. The recovery from the value area low is fading as bullish volume continues to decline, raising the risk of a deeper pullback.
SOL initially showed signs of a short-term rebound with a bullish engulfing candle. However, the move lacked follow-through, and recent candle closes have erased much of those gains. This suggests buyers are struggling to maintain control.
The weak bounce points to a corrective move rather than the start of a new bullish trend. In bearish market conditions, prices often rebound briefly at support before rolling over again, which appears to be the case for Solana.
From a technical perspective, the broader structure remains bearish. Without sustained buying pressure and rising volume, SOL has been unable to reclaim key resistance levels, keeping downside risks active.
Volume trends are a major concern. Bullish volume has been steadily declining during recovery attempts, signaling weak demand. Strong reversals are usually supported by expanding volume, which is currently missing.
As long as volume stays muted, sellers are likely to remain in control. This increases the probability that Solana will rotate lower in search of liquidity rather than build a lasting recovery.
The $117 level stands out as the next key downside target. This range-low support has not been tested recently and represents a major demand zone where buyers may attempt a stronger defense.
If Solana continues to close below the value area low and fails to reclaim it with strength, a deeper pullback toward $117 becomes more likely. Until volume improves and structure shifts, SOL remains vulnerable in the short term.
