Recent days have seen Solana’s price action take center stage in the crypto markets, with analysts sharply divided over its near-term and long-term outlook. While short-term technicals highlight risks of a deeper drop after Solana retreated from resistance, some experts see major upside potential if key support levels hold in the longer horizon.
Short-term support now under scrutiny
Solana failed to maintain momentum after nearing its $87.87 target level, sliding instead under increased selling pressure. More Crypto Online, a well-known technical analyst, observed that this downturn refocused attention on Solana’s immediate support area. After approaching $87.87, the price slipped to $83.46, which emerged as a key resistance point testing buyers’ resolve in the short term.
Current analyses suggest that Solana is now consolidating around the support band between $78.76 and $81.65. This area has become crucial for preventing a further decline. According to analysts, the latest movements suggest that the current upward trend is more of a corrective move, rather than the start of a lasting rally. Drawing from Elliott Wave theory, More Crypto Online noted that Solana’s recent surge did not form a defined five-wave pattern, indicating that downside risk is still present.
Even on lower timeframes, some short-term support appears near the upper edge of the current range, but the main focus remains on the $78.76 to $81.65 zone. Should Solana break below this level, selling pressure could intensify markedly.
It was observed, “There wasn’t a clear five-wave structure in the last rally, which keeps the price formation weak and opens the possibility for a deeper correction. For a strong upward move, these weaknesses must first be overcome.”
For the price to shift higher, Solana needs to convincingly clear the resistance between $87.87 and $89.75. So far, this barrier remains unbroken, with no clear sign of a trend reversal in the short term. As a result, analysts recommend caution and close monitoring of the key support region.
Long-term surge scenario still on the table
Conversely, trader Don, sharing insights on the X platform, highlights a more bullish long-term picture for Solana. His analysis of the daily chart shows the price lingering near $86.11, trading just below a descending resistance line. If Solana can stay above its rising trendline, a major breakout could pave the way for a fresh rally toward $227.12.
According to Don, holding the current support opens the door for Solana to climb as much as 300% to 400%. He identifies $407.06 as a possible long-term resistance target, suggesting that if the trendline is breached, Solana could venture much higher in coming periods.
However, for such upside to materialize, Solana must first preserve its ascending support and secure daily closes above the upper resistance. As long as the long-term structure remains intact, analysts argue that optimism is justified. Still, downside risks have not vanished entirely at this stage.
In Don’s view, “If the current base and ascending support hold, Solana could see a major price move. But this positive scenario needs confirmation from price action, including a decisive break above the main resistance line.”
According to CryptoAppsy data, Solana is currently trading at $86.11. Both short-term pressure and long-term opportunity mean the price action is being watched closely. Key thresholds on both support and resistance sides are receiving heightened attention from investors, who are alert to new developments in Solana’s ongoing volatility.
