Solana is at a turning point right now. Some analysts think it’s about to go up, while others think it might drop if it can’t hold key support levels. Crypto traders on X are discussing both possibilities based on what they’re seeing in the charts.
Two widely circulated analyses provide opposing forecasts for Solana’s price trajectory. Crypto expert Ali posted a chart indicating that SOL’s price is testing a key support level at $125. If Solana breaks down below strong support, we could see it go down to $100, $85, or even $60. The chart shows an ascending wedge pattern, which is typically a warning sign of a downtrend.
However, crypto veteran Lucky sees things differently. He believes the $110-$125 range will attract buyers. His chart suggests that this level could serve as a strong base for a price rebound. If SOL holds above this zone, targets of $150, $185, and even $280 come into focus. A falling wedge pattern on his chart further supports this bullish perspective, indicating a potential reversal in the coming weeks.
What you'll learn 👉
Solana Technical Patterns and Market Expectations
The conflicting analyses emphasize two distinct chart patterns. The ascending wedge pattern in Ali’s analysis aligns with a bearish scenario, indicating that SOL price compression within a narrowing structure may lead to a breakdown. A fall below $125 could trigger a cascade of sell-offs, bringing prices lower.
Conversely, Luciano’s falling wedge pattern suggests a potential recovery. Historical price movements show similar setups leading to strong upward moves, making this level a potential accumulation zone for buyers. The difference in interpretation underscores the uncertainty surrounding Solana’s price action.
Solana Key Levels to Watch
$125 is the key level everyone’s watching. If Solana’s price goes over $150, that would confirm the expectation of being bullish but dropping below $115 could trigger further selling. Watch trading volume and overall market sentiment for more definite signals on where it’s headed.
With analysts divided, Solana’s next move remains uncertain. How it reacts to this critical price zone will likely determine its short-term direction.
Read Also: Ethena (ENA) Price Shows Strength – Could This Be the Start of a Major Rally?
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