While the Critical Wait Continues on Solana, Analysis Firm Reveals Support and Resistance Levels That Must Be Watched!
Crypto analysis company MakroVision shared the levels that crypto followers must pay attention to for Solana #SOLPriceAnalysis SOL( price.
In its latest technical assessment for Solana )SOL(, the crypto analysis firm MakroVision stated that the price continues its short-term recovery but has entered a critical decision zone.
According to MakroVision, Solana managed to break above the red trend lines with its recent upward movement. However, there is a strong resistance zone just above the current price, where an earlier recovery attempt in December failed. This zone is considered the main threshold that will determine whether the current rally is sustainable.
In the short-term outlook, SOL’s clear hold above the support zone of $117–126 is noteworthy. The analysis indicates that after stabilization above this zone, the price has exhibited a “clean” upward movement. However, it is also noted that the current movement is progressing toward the recent lower highs in the $135–145 range and an area with high liquidity. MakroVision states that this band is a critical decision point that will determine whether the ongoing recovery continues.
Looking at a broader timeframe, it is noted that the main downtrend from Solana’s peak of $247 is still valid. However, it is emphasized that the downward momentum has significantly weakened. According to the analysis, the market structure is increasingly evolving from impulsive declines to corrective consolidations; this situation is often seen as a precursor to a potential trend change.
MakroVision highlights that in the upcoming period, particular attention should be paid to the $148 level. A sustained breakout above this level could trigger a strong bullish momentum in Solana again, allowing the price to first move toward $159 and then toward the $188 zone. Conversely, a sharp rejection from this resistance zone could cause SOL to retreat back to the $117–126 support area.
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· 4h ago
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· 15h ago
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While the Critical Wait Continues on Solana, Analysis Firm Reveals Support and Resistance Levels That Must Be Watched!
Crypto analysis company MakroVision shared the levels that crypto followers must pay attention to for Solana #SOLPriceAnalysis SOL( price.
In its latest technical assessment for Solana )SOL(, the crypto analysis firm MakroVision stated that the price continues its short-term recovery but has entered a critical decision zone.
According to MakroVision, Solana managed to break above the red trend lines with its recent upward movement. However, there is a strong resistance zone just above the current price, where an earlier recovery attempt in December failed. This zone is considered the main threshold that will determine whether the current rally is sustainable.
In the short-term outlook, SOL’s clear hold above the support zone of $117–126 is noteworthy. The analysis indicates that after stabilization above this zone, the price has exhibited a “clean” upward movement. However, it is also noted that the current movement is progressing toward the recent lower highs in the $135–145 range and an area with high liquidity. MakroVision states that this band is a critical decision point that will determine whether the ongoing recovery continues.
Looking at a broader timeframe, it is noted that the main downtrend from Solana’s peak of $247 is still valid. However, it is emphasized that the downward momentum has significantly weakened. According to the analysis, the market structure is increasingly evolving from impulsive declines to corrective consolidations; this situation is often seen as a precursor to a potential trend change.
MakroVision highlights that in the upcoming period, particular attention should be paid to the $148 level. A sustained breakout above this level could trigger a strong bullish momentum in Solana again, allowing the price to first move toward $159 and then toward the $188 zone. Conversely, a sharp rejection from this resistance zone could cause SOL to retreat back to the $117–126 support area.
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