Solana, which has been active in the cryptocurrency market lately, presents a picture divided into two in the predictions of different analysts. On the one hand, short-term analysis emphasizes that the price is rejected at an important resistance and the risk of decline increases. On the other hand, from a long-term perspective, it is noted that there is a great potential for an increase as long as it remains on a strong support.
Support level is on the agenda again in the short term
Solana price could not sustain its rise after approaching the target level of $87.87 and retreated here due to seller pressure. More Crypto Online, which has shared before and is known for its technical analysis, stated that the support zone came to the fore again after this withdrawal. According to the analyst, the price fell to $83.46 after approaching $87.87; This level stood out as an important resistance in the short term and tested the resistance of buyers.
In the current analysis, it is stated that Solana is focused on the support zone between $78.76 and $81.65 in the short term. The region in question is of critical importance in preventing the price from falling further. According to analysts, the latest movement shows that a clear upward trend has not started in the market and the current rise has a corrective nature. Looking at Elliott Wave analysis, More Crypto Online said that the rise did not show a strong five-wave structure, so downside risks are still on the table.
Although there is short-term support above the band defined by price action on smaller time frames, eyes are still on the main support area between $78.76 and $81.65. It is reported that if this region breaks downwards, the selling pressure may become stronger.
“There was no clear five-wave structure formed during the rise, so the price structure still looks weak and a deeper correction is possible. These weaknesses must be overcome first for a strong upward move,” the opinion was shared.
The upside move depends on the price breaking the new resistance zone between $87.87 and $89.75. At this stage, this point could not be passed and no clear directional change signal could be received in the short term. Therefore, the analysis suggests a cautious approach and attention to the support zone.
The possibility of a big rise in Solana in the long term is on the table
On the other hand, trader Don, sharing on the X platform, draws attention to the long-term picture for Solana. According to Don’s analysis on the daily chart, the price is currently trading just below a descending resistance line at around $86.11. If the price continues to stay above the ascending trend line, a significant breakout could start a fresh move above the $227.12 levels.
According to Don’s analysis, if the current support zone is maintained, there may be a serious rise of 300 to 400 percent in Solana. One of the targeted long-term resistance levels is shown as $ 407.06. This indicates that the price may test higher levels if the trend line breaks up in the future.
However, for the bullish scenario to be valid, Solana must first maintain the current rising support and make daily closes above the upper resistance line. As long as the long-term structure remains solid, analysts argue that a more optimistic outlook remains. However, at this stage, downside risks have not completely disappeared.
In Don’s evaluation, his views were included: “If the current base and rising support are maintained, a major price movement in Solana may be paved the way. However, the definitive confirmation for this positive scenario must come from the price movement and the price must first exceed the important resistance line.”
CryptoAppsy According to data, Solana is currently trading at $ 86.11. Both short-term pressures and long-term potential opportunities require close monitoring of price movements. Critical thresholds for investors continue to be closely monitored on both the support and resistance sides.
