Solana is trading around $76.33 with a limited recovery in the last 24 hours. However, uncertainty continues in the technical outlook. The recent fluctuation of the price between 73 and 76 dollars has made this region critical in terms of short-term direction.
Critical support zone stands out
Analysts watch the $73 to $76 band as the main support area in the short term. As long as Solana remains above this zone, the recovery scenario may remain on the table. On the other hand, if it falls below $73, there is a possibility that selling pressure will increase and a weaker outlook will come to the fore.
The range between 73 and 76 dollars stands out as the decisive region in the short term. Maintaining this support is important for the upward scenario to remain valid.
The long-running downtrend line is also seen as one of the main resistance areas for the price. Market participants think that if this level is exceeded, the short-term trend may turn in favor of buyers.
| Level | Importance |
|---|---|
| 73 to 76 dollars | Main support zone |
| 80 dollars | First boost threshold |
| 90 dollars | next resistor |
| 100 dollars | Main target area |
| 150 dollars | The upper target that comes to the fore in the stronger scenario |
Formations keep the upside possibility alive
The chart shared by Jesse Peralta shows that Solana is testing the long-term decline line that has been working as resistance for months. If this structure breaks upwards, the $90 and then $100 levels may come to the fore again. However, for this move to be considered valid, the break must become permanent.
Another analysis shared by Seth points out a possible Wyckoff accumulation structure for Solana. The Wyckoff method is known as a technical analysis approach that evaluates whether the price can form a base after a long sales period and move on to a new recovery phase.
Mini dictionary: Wyckoff accumulation is a technical analysis approach that describes the price forming a bottom in a certain range before a strong rise. In this structure, the horizontal course may be prolonged and confirmation of the break is usually sought when the volume and price remain above the resistance.
If the long-term decline line is crossed and support is maintained, the $90 to $100 band remains in focus again.
On-chain mobility is also closely monitored
In addition to the technical outlook, activity on the network is also among the factors supporting interest in Solana. Circle’s minting of 250 million USDC on the Solana network strengthened expectations for the level of liquidity and usage on the network. Circle is among the leading actors in the stablecoin market as a financial technology company that issues USDC.
Although high USDC movements alone do not mean a price increase, they indicate that the Solana network continues to be one of the active blockchains of the market. This chart could support buyer confidence if technical indicators also strengthen.
For the $150 scenario, $80 and $100 must be exceeded first
Although some market commentators are eyeing the $150 level in the longer term, this target does not appear to be prominent in the near term. Solana needs to first reclaim $80, then surpass the $90 resistance and show strength above $100.
Therefore, the most important topic in the short term continues to be whether the support between 73 and 76 dollars can be maintained. If the price holds above this band and settles above the long-term declining line, the $100 to $150 range may be talked about more frequently.
