Solana price showed signs of recovery by reacting to the $60 to $64 range it tested in the last pullback. However, technical indicators point out that there are still significant obstacles for the rise to become permanent.
Reaction from critical support
At the time of press, SOL was trading at $73.62. The asset’s 24-hour trading volume was $4.26 billion and its market value was $42.56 billion. Despite the recent recovery, the fact that the price decreased by 0.56 percent in the last 24 hours shows that the selling pressure has not completely disappeared.
Crypto analyst BATMAN, who made an evaluation on June 17, 2026, stated that a technical structure stands out on the Solana front that may make progress difficult. According to the analyst, the area that previously worked as support has now turned into a resistance area after the break.
In the analysis, it was emphasized that the area that previously served as support now functions as resistance and the Stochastic indicator has reached the overbought area, similar to before the last market peak.
Such transformations are closely monitored in technical analysis. Because support zones that are broken downwards can turn into strong sales areas in subsequent attempts. Therefore, whether the price can sustain its upward attempts may be decisive in terms of the short-term outlook.
Indicators give mixed signals
Despite this, Solana recovered after the recent declines and rose above the middle line of the Bollinger Bands. This level stands out at $71.20. Although the price remaining above this band is seen as positive in the short term, the $ 84.07 level in the upper band is viewed as an important resistance point. Below, support lies at $58.32.
Mini dictionary: Bollinger Bands are a technical analysis tool used to measure price volatility. The middle line usually shows the moving average, and the upper and lower bands indicate possible resistance and support limits of the price.
On the other hand, the MACD indicator offers a more constructive picture. While the MACD line is at minus 2.80, the signal line is at minus 4.09. This outlook points to a bullish crossover. The histogram’s value of plus 1.29 also suggests that buying interest has strengthened.
However, a unidirectional picture has not been formed in technical indicators. The analysis stated that stronger momentum was needed to confirm the upward trend. Otherwise, the current recovery may remain limited and the downward trend may gain weight again.
Two different scenarios are on the table
In the current outlook, the SOL is at a critical threshold. If the price exceeds the resistance zones, a continuation of the short-term rise may come to the fore. However, if these levels cannot be exceeded, it is also possible that the downward trend will continue after the last reaction movement.
In this context, market participants are closely watching whether the resistance area around $84 and the middle band around $71.20 can be maintained. The technical outlook reveals that both upside and downside scenarios remain open for Solana in the short term.
