Solana (SOL) is currently testing the $125 support level, a crucial threshold since early 2024. Technical indicators suggest bearish momentum, with the Relative Strength Index (RSI) below 50 and no Moving Average Convergence Divergence (MACD) crossover in sight. Despite strong network activity, the price pressure persists, and a breakdown below $125 could see SOL dropping towards $70. The market remains bearish despite high decentralized exchange (DEX) volume and robust app revenue, highlighting a disconnect between Solana's strong fundamentals and its technical indicators. The repeated challenges to the $125 support level without a significant rebound underscore the ongoing bearish sentiment.