While the signals of recovery in the cryptocurrency market are gaining strength, Solana is back on the radar of investors. The altcoin, which has been experiencing sharp fluctuations in recent days, gave an upward reaction with the support it received from the two-year falling trend line. However, there is no consensus among analysts: While some experts expect a strong jump in the short term, others argue that the possibility of a deeper decline is on the table.
Solana, which dropped to $67 during the week, gained over 10 percent in value and rose above the $85 level on Friday. The price movement, which was stuck in the $ 78-88 range in the last week, attracted attention especially with the regaining of the $ 80 level. According to market commentators, this area has worked as both strong support and resistance in the past.
2-Year Trend Line Worked Again
Some technical analysts state that Solana once again touched the falling trend line that has been going on for two years on the weekly chart and received a reaction from there. This macro trend line, which has been tested many times since the beginning of 2024, has witnessed strong returns in every theme in the past. The rise, which followed a similar theme seen in the second quarter of 2025, remains fresh in investors’ memories.
In the short term, the $88 level is a critical resistance. If this region is exceeded, a movement towards the 90-96 dollar band may come to the fore. In particular, persistence above $80 is considered as confirmation of recovery in the technical outlook. Otherwise, bullish attempts may remain weak.
A similar situation recently occurred on the Bitcoin front. After the sharp sales above 80 thousand dollars, Bitcoin recovered to the 70 thousand dollar band, triggering the search for balance in investor psychology. This fragile market-wide recovery directly impacts high beta assets like Solana.
Is the $50 Scenario on the Table?
On the other hand, more cautious analysts think that Solana has not yet bottomed out. In particular, the loss of the 200-week exponential moving average and falling below the April 2025 lows are interpreted as a weakening signal in the technical outlook. If the $77-78 band is lost again, the historical support zone at $51 may come to the fore.
Some market observers draw a harsher scenario. According to this view, which argues that the 2022-2023 period is the accumulation phase and the 2024-2026 period is the distribution phase, the market is still in the “markdown” process. In this context, it is stated that around $40 in Solana could be a potential bottom zone.
While all these discussions continue, Solana is trading at $ 84 at the time of writing and is slightly negative on a weekly basis. Investors’ eyes are on both technical levels and global risk appetite.
