Solana is trading in the strong support zone in the $55 to $70 band after the recent decline. According to analyst shares, this area overlaps with the levels where previous jumps started. If the price rises above $100 again, a broader recovery scenario may gain ground.
Critical threshold in multi-year formation
On weekly charts, SOL is hovering near the lower limit within the expanding structure that has formed since 2024. The outlook around $68 is considered decisive in terms of whether the market can defend this region. Upward reactions were seen in previous periods when the same limit was tested.
Mini glossary: An expanding pattern refers to a technical structure in which the price creates higher highs and lower lows over time. In such structures, the lower and upper limits are observed as regions where volatility increases and the breakout comes to the fore in terms of direction determination.
According to CryptoCurb analysis, if the $ 55 to $ 70 region is maintained, first the $ 100, then the $ 200 to $ 300 range may come to the fore again.
However, for the larger bullish scenario to strengthen, the price must exceed the upper trend line of the formation. The analysis included the assessment that this upper limit could be around $400 as the structure develops. It was emphasized that a confirmed breakout from the formation could indicate above $ 1,000 in the long term, but this is only a speculative target for now.
| Level | Importance |
|---|---|
| $55 to $70 | Main support zone |
| 100 dollars | First strong recovery threshold |
| $200 to $300 | Possible medium term target area |
| 400 dollars | Resistance near the upper trend line |
| over $1,000 | Long term speculative target |
On the other hand, a fall below $55 and the price remaining below this level could significantly weaken the bullish outlook. In this case, the risk of deeper losses may increase.
The possibility of $ 240 is watched on the daily chart
Similarly, the 60 to 70 dollar band stands out on the daily chart. According to analyst Aman’s assessment, this zone worked as an important breakout area in the previous market cycle. Although the price briefly fell below the near-term compression area recently, it remains above the broader support area.
In the analysis, it is stated that regaining the 90 to 100 dollar band may strengthen the possibility of recovery, in which case the 220 to 240 dollar range can be followed after the 120 to 150 dollar range.
The last two bottoms seen on the relative strength index side also indicate that the selling pressure may be weakening. The current RSI level has recovered to around 41. However, this outlook alone does not mean that the change in direction is certain.
A permanent decline below the 50 to 60 dollar band in the short term may damage the expectation of establishing a base. Therefore, the main focus in the market will be whether the support zone can be maintained and then whether $100 can be breached again.
