Solana is showing a weak outlook on both short-term and long-term charts. While the structure formed especially on the 4-hour chart indicates that the price may lose its current range support, it is seen that critical resistances have not been overcome in the monthly view. This chart reveals that lower levels may come to the fore if the selling pressure continues.
Pressure continues below $86 in the short term
It is noteworthy that the price moves within a wide band on the 4-hour SOL/USDT chart. Although there were attempts to recover after the sharp decline at the beginning of the year, the resistance zone between 86 and 88 dollars could not be overcome. Every attempt to rise to this level was met with selling, and the last reaction remained limited below this region.
The fact that the price is currently in the middle-upper region of the band stands out as a factor that increases the possibility of a downward movement. According to technical projections, it may be possible to break close support levels in the first stage and then test the horizontal support around $67.
If this level cannot be maintained, it is considered possible that the price will experience a deeper retreat below $60. Repeated rejections at resistance levels strengthen this scenario by increasing pressure on support.
The fact that the price continues to remain below the $86 to $88 range indicates that the bearish scenario remains valid and support levels are under pressure.
In the long term, $49 stands out as critical support
A broader structure is noticeable on the monthly chart. Analyst Ali Charts states that Solana is moving in an ascending channel when short-term fluctuations are ignored. In this structure, the $ 108 level stands out as a strong macro resistance, while around $ 49 is an important support.
The price seems to be trading at around $81.85 and was previously unable to hold around $107.77. This situation reveals that upward movements remain limited and the market cannot make a significant breakout.
It is considered that the $48.95 level may be a critical threshold if the downward movement continues. This area has worked as an important balance point in the past and can be decisive in whether buyers come back into play.
However, it is stated that it is too early to say that the long-term ascending channel structure is completely broken. However, the fact that the price continues to remain below the $108 resistance shows that the upside potential remains limited and downside risks remain alive.
