While Solana holds on to a decisive support zone on the long-term chart, it continues to prepare for a new breakout move. It is noteworthy that the price has encountered resistance between 87 and 90 dollars since the beginning of the week. According to experts, a permanent move above these levels could ensure that the $ 1,000 target in Solana remains on the agenda.
Price stuck in support and resistance areas
Solana price has created a new base after the long-term decline in the past months. Analyst CryptoCurb states that when looking at the weekly chart, the main support zone is clearly observed with a green rising trend line, and the short-term pressure is clearly observed with a red decreasing line. Within this structure, a horizontal zone marked especially in purple stands out as the level where the price leaves the squeeze in a possible upward break.
Although price pressure continues on the current chart, the first condition for a major upward movement in the long term is for the price to exceed the $87 to $90 band and persist above it. According to CryptoCurb’s analysis, when this level is crossed, the main target of $ 1,000 on the chart will remain on the table again.
Evaluating Solana’s long-term goals, CryptoCurb shared the comment, “The most important element that draws attention in the chart is that the price remains tightly above the support. A clear breakout has not come yet; therefore, the main scenario will depend on preserving the price base and crossing the red resistance line.”
In the short term, price movements continue to be tight. In order for Solana to make a strong recovery, it will first need to maintain the current support and then overcome the resistance zone between $87 and $90.
Unstable Trend in Solana in the Short Term
According to the analysis shared by BitGuru on the X platform, Solana returned from the level of $ 98.18 during the rapid rise it experienced at the beginning of May. Afterwards, the price sagged below the important resistance in the range of 87-90 dollars, and is currently hovering close to the 82-84 dollar band. This region is followed as a possible turning point for the short term.
The analysis emphasizes that if the price finds direction from this support and rises again to 87-90 dollars, it will be the first clear signal that the seller pressure has weakened in the short term. However, for the expected recovery to be certain, purchasing will need to strengthen and the price will need to remain above this band.
Two critical levels stand out in the short and medium-term technical outlook: Resistance between $87-90 above and support between $82-84 below. If the price cannot maintain this lower band, the expected upward scenarios on the chart may be shelved.
It is reported that the Solana price is currently at a critical decision point, and it is imperative for buyers to first protect the current support and then overcome the resistance zone.
| Level | Situation | Action |
|---|---|---|
| 82-84 dollars | Support | If it cannot hold, the decline may accelerate |
| 87-90 dollars | Resistance | If exceeded, positive outlook becomes stronger |
| $1,000 | Long Term Goal | The aim is to reach if the resistances are broken |
Mini dictionary: CryptoCurb is an analyst who is known for his technical analysis in the cryptocurrency market and has a wide following. BitGuru, on the other hand, stands out as a content producer that shares charts and market comments about the crypto market on social media.
