Recently, the weak performance of US non-farm payroll data has put pressure on the entire crypto market. SOL's performance is no exception.

From a technical perspective, Solana's current price is below the middle band of the Bollinger Bands, which already indicates a cautious market sentiment. More importantly, the MACD indicator shows negative momentum, and the RSI has fallen below 50. This combination of signals usually suggests significant short-term selling pressure.

The current question is, how far can it fall? Based on the current technical structure, if traders accumulate long positions in the range from 135.2 to 134.2 in batches, the target could be above 139. Conversely, if traders short in batches around 138.9 to 139.9, the support below is approximately below 134.

The market is playing out in this tug-of-war. In the short term, it is crucial to closely monitor these technical changes, especially when MACD and RSI can break out of the negative zone—that will be the real signal for a rebound.