SOL Takes a Breather Around $128 as Price Holds Key Demand Zone

⬤ Solana’s hit the brakes after its aggressive push higher, with weekly price action settling around the $128 mark. After peaking near $200, SOL pulled back and is now hanging out in a clearly defined demand zone. This pause is pretty normal after such a strong move—just the market catching its breath rather than signaling anything’s broken.

⬤ The demand zone stretching from roughly $120 to $140 is doing its job absorbing sell pressure. The candles are showing smaller drops and less wild swings compared to earlier pullbacks. Volume’s quieted down too, which tells you the selling’s lost steam and there’s no panic going on right now.

⬤ Here’s the thing though—while SOL’s holding above support, it’s still stuck below those old highs. The mid-$170s area marked on the chart is where previous rallies ran out of gas. Until price breaks back above that level and holds it, we’re probably looking at more sideways action while the market digests those earlier gains.

⬤ This matters for the broader crypto space because Solana’s still showing relative strength compared to other large-cap alts. Extended consolidation after a strong impulse can actually be healthy—it lets things cool off and resets momentum. How SOL behaves in this demand zone could influence sentiment across the altcoin market, especially if it keeps holding steady while everything else stays choppy.