Solana (SOL) is consolidating near $75 after breaking through the key $73–75 resistance zone. Trader EliZ believes the breakout structure remains intact for now, and holding this range will be decisive for further price action.

On the 4-hour SOL/USDT chart, the price stabilized around $75.5 after a sharp upward move. The Ichimoku indicator points to the proximity of the cloud, and sustained movement from current levels is viewed as an important confirmation signal. If buyers hold support, the first target will be $80, followed by $85. A higher horizontal level is marked near $87.20.

However, the weekly forecast from analyst Echo Analysis is more cautious. In his assessment, the current rebound is not necessarily the end of the correction. SOL bounced from the 0.786 Fibonacci level at $63.89, but if Bitcoin and Ethereum continue to set new lows, Solana may follow the market. In this case, the next target would be the 0.887 Fibonacci level at $37.10, which is viewed as a potential zone for the completion of corrective wave (2).

After the correction is complete, wave analysis suggests a powerful bullish wave 3 targeting the 1.618 Fibonacci extension near $416.24, approximately 1047% above the deep support zone. The nearest level to watch remains $63.89: holding this mark would strengthen the base-formation scenario, while a decisive break below it would make a test of $37.10 more likely.$SOL ‌