The horizontal trend in Solana price, which has been going on for the last four months, has approached the $ 100 level, which is closely followed by analysts. The price moved mainly between $80 and $100 throughout the second quarter, again bringing $100 to the agenda as the first important threshold for a strong direction determination.
Technical view: Stuck at resistance line
Cryptocurrency analyst CryptoCurb noted that Solana is facing a prolonged descending trend line on the three-day price chart. According to the analyst, the price is just below this blue trend line after forming a bottom in a consolidation range marked in green. The trend line stands out as the most important resistance point in the current sideways market.
CryptoCurb says that the expected breakout move in Solana could end the price’s months-long narrow range and bring the first major test, primarily at the $100 level. The analysis made on the charts emphasizes that the upward momentum may accelerate if this level is crossed cleanly.
Price behavior, along with a significant upward break of the trend line, indicates that investor interest may increase rapidly.
The analyst also drew attention to the similarity comparison made with the NEAR chart. The rise in NEAR price followed the formation of a bottom below a descending trend line. This situation strengthened the expectation that a similar scenario might be valid for Solana.
Mini dictionary: Consolidation range refers to stable periods when the price of an asset remains in a narrow band and strong buyer or seller pressure has not yet occurred. In this process, the market tries to determine its direction and a base may be formed where investors prepare for the next move.
Despite this, the price must overcome this resistance line and remain at this level permanently. If Solana does not close above $100 yet, uncertainties regarding a strong breakout in the short term will continue.
| Presence | Support/Base Zone | Resistance | Post-Break Target |
|---|---|---|---|
| solana | 80-90 dollars | $100 (descending trendline) | $125-175, possible $300+ |
| NEAR | Next base area | Above the downtrend | Ascending movement (past example) |
Analyst expectations: $300 and $500 targets
Borovik, another market analyst, also shared in his post on the social media platform The analyst emphasized that if the rise accelerates, a move towards the $500 level may be possible within the year.
However, current price action is mostly sideways. Solana has been trying to establish a base in the $80-90 range since February; Upward attempts failed at $100. This level is now critical for the balance of power of buyers and sellers.
While it has been observed that $ 100 has been tested several times but has not been broken due to seller pressure, it is believed that a new buying wave may pave the way for an uptrend.
If the $100 resistance is exceeded and the price remains above this level; According to analysts, the 125, 150 and 175 dollar regions stand out as the next targets, respectively. These regions stand out as areas where volume sales occurred in previous declines. However, if the rise continues, the $300 to $500 range may be on the table in the medium term.
On the other hand, if buyers fail to move above $100, Solana price is expected to remain stuck in the long-standing sideways range and fail to achieve clear bullish momentum. Therefore, $100 stands out as the most critical level to follow in the short term.
