Solana price holds near $133 as buyers defend key support

Solana stalled around $132–133 over the past 24 hours on major exchanges. The token remained below declining short- and medium-term moving averages, with rebounds capped near those trend lines.

Daily chart readings point to a cooling selloff rather than a reversal. The MACD stays negative, consistent with a bearish bias, while the RSI is in the lower-middle range, away from oversold levels. The gap between spot and the moving averages has narrowed in recent sessions. Near-term resistance aligns with a recent ceiling that has repeatedly turned back rebounds, and nearby support continues to define the lower edge of the range.

Order books show thick bid walls below and substantial ask walls above current prices, creating a standoff with supply and demand clustered around key levels. Clearing higher offers would bring focus to areas where declining averages and prior rejection zones intersect. A daily close below the nearby support area would shift attention to lower levels.

Despite the 2025 drawdown, Solana remains a large-cap crypto asset, with market value estimated around $70 billion to $80 billion at mid-year. A performance gauge indicates 2025 year-to-date returns near −35% to −40% after gains of roughly 880% in 2023 and about 98% in 2024.

As we covered previously, Bitget Wallet launched native Solana staking through a self-run validator in its Earn section, letting users stake from 0.01 SOL with rewards compounding on Solana’s epoch schedule and no fee beyond network gas. Assets stay in self-custody, and users can track performance and manage stakes in-app.