Solana is at an important threshold in technical terms. Two separate chart studies indicate that the price may have entered the process of forming a possible bottom. One of these scenarios is based on the Wyckoff accumulation structure, and the other is based on the recovery of a zone that worked as support in past cycles.
Attempt to recover from support in Wyckoff structure
On the daily chart, it is seen that the SOL price follows a structure in which it moves horizontally for a long time after sharp sales. This appearance is similar to the bottom forming phase in the classical Wyckoff accumulation chart. In the last stage, after the price fell below the support for a short time, the recovery effort is noteworthy.
In Wyckoff theory, such short-term support breaks are called “springs”. This movement is associated with the re-engagement of buyers after trapping sell positions. On the chart, this region is marked between approximately 65 and 70 dollars.
SOL is currently trying to move away from this area. If buyers continue to hold the support, the next important area is the band resistance between $95 and $105. A clear settlement of the price above this range may strengthen the accumulation scenario.
The technical outlook is not finalized yet. In order for the upward breakout to be confirmed, the SOL price needs to reclaim the upper band area and support this movement with stronger purchases.
On the other hand, the failure of the recovery is also among the risks. If the price falls below the support area again and cannot reclaim this area, the Wyckoff-based structure may weaken. In such a chart, the market may need to establish a base for a longer period of time.
Historical support zone is on the agenda again
The two-day chart shows that Solana is approaching a critical retracement level in the broader time frame. Analyst Javon Marks states that regaining this zone, which has worked as support several times in past market cycles, could pave the way for a stronger rise. Javon Marks is known as an independent chart commentator known for his market analysis.
On the chart, the horizontal support area between $75 and $80 stands out. The same region is associated with important turning points in the 2022, 2024 and 2026 periods. Therefore, the level in question is closely monitored for the direction of the market structure.
| technical zone | Level | Importance |
|---|---|---|
| lower support | $65 to $70 | Wyckoff spring area |
| close support | $75 to $80 | Historical retrieval area |
| band resistance | $95 to $105 | Upward confirmation zone |
| first target | $233.8 | Next main technical target |
| upper target | $456 | The level followed in case of a stronger breakout |
Regaining the old support can be interpreted in technical analysis as the market structure turning in favor of buyers again. In this context, the chart shows that Solana is trying to form a base in a historically important area and may then attempt a stronger upward move.
Javon Marks evaluates that if the price clearly reclaims this region, approximately 200 percent space can be opened in Solana and the $233.8 level stands out as the first major technical target.
This scenario has not yet been confirmed. SOL price must first settle above the support zone and maintain its permanence there. Otherwise, the buyback attempt may fail and the market may need time for a broader recovery.
