Solana price analysis (Neutral) — 131.01 USDT (+1.27% 24h)

SOL is currently trading at $131.01, showing modest gains of 1.27% over the past 24 hours. The price action finds SOL caught between key technical levels – trading slightly below the 20-day SMA at $131.93 but above the 50-day SMA at $129.62. This positioning suggests consolidation as the market digests recent moves. The RSI reading of 48.5 indicates neutral momentum, neither overbought nor oversold, while daily volume of $427 million demonstrates healthy participation. With volatility sitting at 5.25%, SOL appears to be in a decision zone. Traders should watch for a decisive break above $132, which could signal renewed bullish momentum toward $135-140 resistance. Conversely, a breakdown below $129.50 could trigger a test of $125 support. Given the current technical setup, consider scaling into positions on pullbacks toward the 50-day SMA with tight stops below $128.