While Solana has been stuck in a narrowing price range in recent days, the expectation that a big move in the market may be approaching has gained strength. Although there are upward signals in the short term, the weakness in the general market outlook continues to make its pressure felt. Prices hovering around $86 direct investors to be patient; The next few days could usher in a new era in Solana.
Squeezing and possible direction in the Bollinger band
Analyst Ali Martinez pointed out a remarkable development in Solana’s three-day charts. The gradual narrowing of the Bollinger Bands indicates that volatility is decreasing and the price has entered a significant compression range. This consolidation phase, currently occurring between $77 and $94, has become a critical area where the price is gathering energy.
According to Martinez’s assessment, such squeeze periods usually occur before rapid and directional price movements. However, it is noted that those who act early to trade between these bands may experience losses on both the buying and selling sides.
Those who trade outside the bands without a clear three-day close may have difficulty in volatile market conditions, so investors should mainly watch for clear breakout signals.
In other words, the main expectation is that there will be a significant increase in volatility following a closing outside the band. At this stage, investors are looking for clear confirmation rather than guessing.
Price gives positive signals in the short term
BitGuru emphasizes the positive change in the price structure in the short term. Finally, Solana managed to break above the $82–84 region, thus strengthening the buyers’ hand. This move formed a new high, pushing the price towards the $90 resistance.
Moreover, the pause of the current pullback near $85 is considered a positive sign. Because this level, which was previously resistance, is now a strong support. If the price holds above this level, the bullish momentum can be maintained and a test of $90 can be expected once again.
However, it is stated that with the loss of $ 85, the price may drop to $ 82 again. Therefore, this region plays a key role in determining the short-term direction.
The overall trend is still under pressure
Cryptorand, one of the crypto market analysts, reminds that Solana continues to trend below the long-term falling resistance line. This trend line continues to suppress any upward attempts in price.
The $90–100 range constitutes an important resistance cluster. A permanent rise in the price above this zone may reverse the perception in the market and also invalidate the short-term downward trend. In such a scenario, the $120 level could become the target.
On the other hand, a decline below $75 may increase the selling pressure and bring the price closer to $65.
According to the latest data, Solana is trading at $86.56 and is finding support with high trading volume. Now all eyes are on which direction the price squeeze will break. This breakout is expected to determine the new main trend.
