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#SOLANA, Despite Solana maintaining key support in the $55–70 range, if it breaks above $100, the $240 target will come into focus.
Solana is attempting to hold the key support zone between $55 and $70.
If SOL rises above $100, the $120–150 range and subsequently the $220–240 range could become focal points.
Although the $200–300 range is highlighted on the weekly chart, targets above $1,000 are considered speculative.
If the price consistently breaks below the $50–60 range, downside risks may increase.
After the recent decline, Solana is trading within a strong support zone between $55 and $70. If the price recovers above $100, the momentum for a broader recovery may accelerate.
Key Threshold in a Multi-Year Pattern
On the weekly chart, SOL is hovering near the lower boundary of an expanding pattern that has formed since 2024. Price action around the $68 level is seen as critical in determining whether the market can successfully hold this zone. Previous tests of this boundary have all triggered upward reactions.
An expanding pattern is a technical structure where prices create higher highs and lower lows over time. In this structure, the upper and lower boundaries are viewed as zones of heightened volatility, and breaking through them is crucial for determining future direction.
According to the analysis, if the $55–70 zone holds, the $100 level—and subsequently the $200–300 range—may come back into play.
However, for a more significant bullish scenario to gain strength, the price must break above the upper trendline of the pattern. The analysis estimates that, as the structure evolves, this upper boundary could form around the $400 level. It is emphasized that a confirmed breakout of the pattern could signal levels above $1,000 in the long term, though for now this remains a speculative target.
$55 to $70 Key support zone
$100 Initial threshold for a strong recovery
$200 to $300 Potential medium-term target zone
$400 Resistance near the upper trendline
Above $1,000 Long-term speculative target
On the other hand, a breakdown below $55—with the price staying below that level—could significantly weaken the bullish outlook. In that case, the risk of deeper declines may increase.
Possibility of $240 on the Daily Chart
Similarly, the $60–70 range is highlighted on the daily chart. Although the price briefly dipped below the short-term consolidation zone recently, it remains above the broader support area.
The analysis suggests that reclaiming the $90–100 range could strengthen the likelihood of a recovery; in that scenario, the $120–150 range and subsequently the $220–240 zone would become levels to watch.
The two recent lows observed on the Relative Strength Index (RSI) also indicate that selling pressure may be easing. The current RSI level has recovered to around 41. However, this outlook alone does not confirm a decisive change in direction.
In the short term, a sustained break below the $50–60 range could weaken expectations of a bottoming process. Therefore, the market’s main focus will be on whether the support zone holds and whether the $100 level can be reclaimed.
$SOL
Solana is attempting to hold its ground within the critical support zone of $55 to $70.
If SOL rises above $100, the $120–$150 band and subsequently the $220–$240 range could come into focus.
While the $200–$300 range is highlighted on the weekly chart, a target exceeding $1,000 is considered speculative.
The risk of a decline could increase if there is a sustained drop below the $50–$60 band.
Following its recent decline, Solana is trading within the strong support zone of $55 to $70. A scenario for a broader recovery could gain momentum if the price climbs back above $100.
Critical threshold in a multi-year pattern
On weekly charts, SOL is hovering near the lower boundary of an expanding pattern that has been forming since 2024. The price action around the $68 level is seen as decisive in determining whether the market can successfully defend this zone. Previous tests of this same boundary have resulted in upward reactions.
An expanding pattern refers to a technical structure where the price creates higher highs and lower lows over time. In such structures, the upper and lower boundaries are monitored as zones of heightened volatility, where a breakout is crucial for determining the future direction.
According to the analysis, if the $55–$70 zone holds, the $100 level—followed by the $200–$300 range—could come back into play.
However, for a more significant bullish scenario to gain strength, the price must break above the pattern's upper trend line. The analysis assessed that this upper limit could form around $400 as the structure develops. It was emphasized that a confirmed breakout from the pattern could signal levels above $1,000 in the long term, though this remains merely a speculative target for now.
$55 to $70 Key support zone
$100 Initial threshold for a strong recovery
$200 to $300 Potential medium-term target area
$400 Resistance near the upper trend line
Above $1,000 Long-term speculative target
On the other hand, a drop below $55—and the price remaining below that level—could significantly weaken the bullish outlook. In such a scenario, the risk of deeper losses might increase.
Possibility of reaching $240 monitored on the daily chart
Similarly, the $60 to $70 range stands out on the daily chart. Although the price recently dipped briefly below the near-term consolidation zone, it has managed to remain above the broader support area.
The analysis suggests that reclaiming the $90 to $100 range could strengthen the likelihood of a recovery; in that event, the $120–$150 range and subsequently the $220–$240 zone would be the levels to watch.
The last two lows observed in the Relative Strength Index (RSI) also indicate that selling pressure may be easing. The current RSI level has recovered to approximately 41. However, this outlook alone does not confirm a definitive change in direction.
In the short term, a sustained drop below the $50 to $60 range could undermine expectations of a bottoming-out process. Therefore, the market's primary focus will be on whether the support zone holds and whether the $100 mark can be reclaimed.
$SOL