Solana is showing signs of recovery after the weak outlook in recent weeks. As the price found buyers in important demand areas, the upward movement gained strength and began to move towards critical resistance levels.
In the short term, the $90 level stands out
After the price formed a bottom between 75 and 78 dollars, a short-term recovery period began. Purchases from this region enabled Solana to first overcome intermediate resistances and then bring an increase to the $85 level.
The $85 level stands out as an important pivot zone in terms of short-term direction determination. It is considered that once this level is exceeded, the price may move towards the range of 88 to 90 dollars.
The range in question is seen as a critical threshold because it is both Fibonacci retracement levels and an area where sales pressure has concentrated in the past. Therefore, investors are watching this region carefully.
If the price is rejected at the $90 level, there is a possibility that it will retreat towards the $81 or even $80 level. On the other hand, a strong breakout could confirm the continuation of the uptrend.
Structural breakdown and long-term goals
Another striking element in the technical outlook is the trend change in a wider time frame. It is considered that Solana broke the low peak structure formed in the previous downward trend and this indicates a new upward phase.
The fact that the price starts to form higher lows indicates that the market has left the accumulation phase and entered the upward movement period. In this process, the $80 to $90 range became a strong support zone.
If buyers maintain control, breaking the $100 level could trigger a faster expansion in price action. In this scenario, the expectation of an increase towards the $ 120 level in the short term is gaining strength.
In longer-term analysis, it can be seen that Solana remains loyal to the rising trend line on the weekly chart. Recent price action suggests that strong support has formed near $70.
This structure may indicate that the accumulation process continues before a larger breakdown. The $280 level stands out as an important resistance point in the long term, and if this level is exceeded, it is predicted that the price may expand to $520.
Market data also supports this view. While Solana was traded at $ 85.15, it increased by over 1 percent in the last 24 hours and over 6 percent on a weekly basis. The fact that the transaction volume exceeded 3.4 billion dollars shows that strong participation in the market continues.
