What to Expect Next for Solana (SOL) Price? Analysis Firm: "The Situation is Critical, Only If It Breaks Above This Level Will The Uptrend...
Solana (SOL), which rose above $250 in September, fell to $120 with the sharp declines.
However, with the recent recovery, an updated analysis has arrived for Solana, which has reached the $140 level.
Cryptocurrency analysis firm MakroVision published its latest analysis for Solana (SOL), stating that the technical outlook for Solana remains weak.
Stating that SOL continues to remain in a tense market environment, the analysis firm stated that the recovery started with a very weak reaction.
The short-term outlook remains fragile, the analyst firm said, adding that the structure of the past few days suggests a series of lower highs.
While Solana is recovering, analysts noted that the reaction at the central support level remained quite weak, saying that the $126-$128 range is still extremely important.
It was stated that a downward break of this range would cause further decline, but on the other hand, a break above $145 in the short term would be the first positive signal for the rise.
Pointing to $159 for the rise, the analysis firm stated that as long as the price remains below this level, the medium-term trend is downward.
“Solana is currently floating dangerously above one of the most important support levels of the year.
Unless there is a swift recovery above the fading red downtrend line at $159, the medium-term structure remains clearly bearish.
Only a break above the $159 resistance will be the first bullish signal, potentially opening up a rally towards $188 and above.
However, a retest or breakout of the $126-$128 level would significantly increase the risk of a deeper correction.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Avail’s Nexus Bridges Liquidity Across 12 Blockchains, Tackling Fragmentation
- Avail's Nexus Mainnet launches as a cross-chain execution layer unifying liquidity across 12 blockchains including Ethereum and BNB Chain. - The intent-solver architecture automates optimal routing while aggregating liquidity from multiple chains through Avail's data availability layer. - Developers gain simplified cross-chain integration via SDKs and APIs, enabling real-time collateral pools and intent-based trading without managing bridges. - With Solana integration planned and Infinity Blocks roadmap
Ethereum News Update: Ethereum Drives Institutional Transformation with Amundi Tokenizing Major Fund
- Amundi tokenizes a money market fund on Ethereum , signaling institutional adoption of blockchain-based asset management. - Ethereum's upgrades like PeerDAS and Bhutan's $970k ETH staking highlight growing institutional trust in its infrastructure. - CoinShares' $250M Bitcoin Miners ETF and global digital ID initiatives underscore tokenization's role in modernizing finance. - Ethereum's $3,100 price resistance and technical indicators suggest potential for long-term resilience amid scaling improvements.
Hyperliquid News Today: Hyperliquid Adopts Tidewater’s Strategy to Streamline Crypto Risk Management
- Hyperliquid introduces automated downsizing to stabilize HYPE, which dropped 52% from its peak. - Strategy mirrors Tidewater Renewables' capacity management, balancing short-term volatility with long-term stability. - Hyperliquid Strategies DAT plans $300M HYPE buybacks to inject liquidity and institutional-grade risk frameworks. - Market faces $1.89B+ liquidation risks if Bitcoin/Ethereum surge, prompting automated buffers to prevent cascading sell-offs. - Approach reflects growing DeFi adoption of algo
The Unexpected COAI Price Decline: Key Lessons for Investors from the November 2025 Market Turbulence
- COAI Index's 88% November 2025 collapse stemmed from C3.ai governance failures, regulatory ambiguity, and panic-driven herd behavior. - Market psychology amplified losses as investors overreacted to AI sector risks, ignoring fundamentals and triggering liquidity crises. - Diversification, cash reserves, and AI-driven tools helped mitigate risks, emphasizing long-term strategies over speculative hype. - The crisis exposed dangers of overreliance on AI/DeFi narratives, urging disciplined, diversified portf
Trending news
MoreCrypto prices
More
