Solana’s price has been trading in a notably narrow range for the past three months, drawing the attention of technical analysts. Both short and long-term charts present a similar picture, raising expectations that this period of stagnation could precede a more decisive move. The muted price action signals cautious investor sentiment, as market participants wait for a clear direction.
Range-bound price action and volatility
In recent weeks, volatility in Solana has dropped to its lowest levels. On a three-day chart shared by Daan Crypto Trades, SOL has been moving sideways around the $85 mark after a sharp decline earlier this year. For three months, price action has been confined between $78.85 and $95–100.
Analysts highlight that Solana has traded within a tight 10 percent band for this extended period. Such prolonged calm in the crypto market often leads to rising buy and sell pressure. Historically, these kinds of consolidation phases have been followed by strong price moves in one direction or the other.
Daan Crypto Trades remarked that, “We’ve been rangebound for a long time, and price is at its quietest in years. When this tight range breaks, we could see a move of 20 to 30 percent.”
According to this outlook, if Solana breaks upwards from its $85 base, prices could first move to $102, and then $110. Conversely, a downward break could send SOL back to the $68–64 region. For now, neither support nor resistance has been clearly breached on the charts.
Weekly chart analysis and major support zones
Another notable analysis comes from Crypto Patel, who points to Solana nearing a strong support and a so-called “buy zone” on the weekly chart. This region resembles the area where the last major rally began in the previous cycle.
The primary support band on the weekly chart lies between $52 and $72. At present, Solana is holding above this region, trading close to $85. The next key technical resistance is situated at $101.
Patel’s analysis also tracks Fibonacci retracement levels: the 0.618 level is at $52.11, the 0.5 level at $72.55, and the 0.382 level at $101. If price breaks to the upside, the expectation is that these levels would be tested in sequence.
Crypto Patel explained, “Solana has previously seen a sharp move upward from this area. But for a new rally, SOL must break through the $101, then $135, and eventually $225 resistance levels.”
In the technical scenario, long-term graphical targets are shown at $500 and $1,000, though Solana needs to overcome its near-term resistances to reach these levels. Should the price slip below the $52–72 support, it could negatively impact the technical outlook.
