Solana, after a recent attempt to rally, has pulled back to a crucial support level, putting investors on high alert. According to analysts, whether the price can hold above this zone could decide if the short-term trajectory turns bullish or bearish for the altcoin touted as a rival to Ethereum.
Focus returns to the 68 dollar mark
Crypto market analyst TraderSZ says SOL is once again testing the “macro mid-band” at around 68 dollars, which has emerged as a key pressure point within the token’s broader trading range in recent weeks.
TraderSZ believes that if Solana holds above this macro mid-band near 68 dollars, buyers could regain strength; conversely, if this support is lost, signs of weakness could become more apparent.
The hourly SOL/USD chart reflects how the price pulled back toward the middle of its broader range after failing to break through the resistance band between 75 and 76 dollars. At the same time, the price is retesting the downward trendline that has capped rallies since late May.
Chart analysis suggests that sustained movement above 68 dollars could open the door for new attempts toward the 75.63, 76.53, and even 80.20 dollar levels. On the other hand, a clear drop below this mid-band support could signal fading momentum and bring the lower support zone between 64 and 65 dollars back into focus.
Is the short-term recovery staying intact?
Another crypto analyst, BitGuru, notes that despite the recent dip, Solana has managed to hold above an important support area. BitGuru argues that maintaining this structure could allow the price to target the 82 dollar region.
In their post on X, BitGuru shared that buyers continue to defend the current zone and, despite recent market volatility, the short-term recovery remains unbroken for now.
The four-hour SOL/USDT chart shows that Solana bounced from the 60 to 64 dollar reversal area after an extended slide. Since then, the price has moved sideways around 71 dollars, which analysts interpret as buyers attempting to build a higher floor. The Solana network is noted for its high transaction capacity and low transfer fees, which remain key attractions for users and developers alike.
Watching resistance at 82 dollars
According to BitGuru, the current support area is crucial for maintaining the bullish outlook. As long as SOL stays above here, the next upward target appears to be resistance at 82.67 dollars.
The analyst also argues that the current setup looks notably different from the previous horizontal consolidation that ultimately led to a sharp decline. This time, price action is showing signs of strength rather than weakness.
However, should the support area be lost, the optimistic scenario could be challenged. In such a case, the risk of a renewed pullback toward lower levels around 64 dollars would increase.
For now, market participants are closely monitoring whether Solana can defend this vital support zone and gather enough momentum for a potential push at the 82 dollar mark in the coming sessions.
