Solana Faces Key Technical Imbalance Ahead of Next Move

SOLUSD trades near $159, caught between weakening technicals and fading volume strength. On the daily chart, a bearish crossover is forming, with the 50-day EMA on the verge of slipping below the 100-day EMA, hinting that sellers still control momentum. The On-Balance Volume (OBV) remains trapped under a descending trendline — every touch since mid-October has triggered short-lived rebounds.

Key support for SOLUSD sits at $146; a daily close below this could open the path toward $126. On the upside, bulls need a clean break above $168 to shift momentum, with further resistance at $182–$192.

On-chain data adds weight to the bearish tone: exchange flows flipped from heavy outflows to inflows this week, suggesting selling pressure is returning. Until OBV and money flows align with price action, Solana’s recovery remains fragile.