Eseandre Mordi
After a turbulent week across crypto markets, Solana (SOL) is showing early recovery signals. The token has bounced from its recent low near $178 and is now consolidating above a critical support level. This stabilization could lay the groundwork for a fresh upward move, with the next target around $210.
Solana Technical Analysis: Support Holds, Momentum Builds
Analysis by trader Ali shows Solana's recent price structure on the 4-hour chart resembles earlier recovery patterns, suggesting a renewed bullish setup may be forming. The chart reveals that Solana has consistently respected its support zone near $178–$180, where buyers have repeatedly stepped in.
After testing that level several times, price has formed a consolidation range between $181 and $187, indicating a pause before a potential breakout. Support sits at $178–$180, confirmed by multiple rejections. Local resistance is expected around $191–$195, where price will face its first real test. The next major target is $210, marked as the upside objective if momentum continues.
The chart projection shows two possible paths: a brief dip toward $180 before rebounding to $195 and eventually $210, or a direct push toward $195 without retesting lower support. Both scenarios suggest bulls are regaining control as volatility compresses.
Broader Market Context
Solana's consolidation mirrors broader trends across Layer-1 networks. Despite the wider market pullback, Solana remains one of the most actively traded and fundamentally strong chains. Its ecosystem continues expanding in DeFi, AI integrations, and NFTs, supporting consistent on-chain activity. With Bitcoin and Ethereum stabilizing after sharp corrections, altcoin sentiment is improving, creating room for assets like Solana to resume their upward trajectory.
Key Price Levels to Watch
Immediate support is at $178–$180, intermediate resistance at $191–$195, and the main target at $210. A sustained close above $195 would likely confirm the next bullish leg toward $210. However, a daily close below $178 could invalidate the setup and signal extended consolidation.
Eseandre Mordi
