Solana price has started to show small signs of recovery after a quiet stretch in early April. The move from $76 to around $86 has not been dramatic, yet it hints at a pattern that could become more important if momentum builds from here. Market conditions have also improved slightly after tensions around the Strait of Hormuz eased, which helped risk assets stabilize and push higher.
That early rebound sets the stage for a deeper question. Can SOL price extend this move into something stronger, or does it remain a temporary bounce within a broader correction?
A closer look at the recent SOL price action shows a slow grind upward rather than a sharp breakout. The move fits into what appears to be a corrective structure that started after the January high. This matters because corrective moves often produce temporary rallies before another phase unfolds.
The analyst from More Crypto Online explains that the current upside move still lacks the strength needed to confirm a larger bullish reversal. The structure so far suggests a three wave pattern, which typically points to a temporary recovery instead of a sustained trend change.
Another factor adds caution to the outlook. Bitcoin continues to outperform Solana when comparing relative strength. The SOLBTC chart shows lower highs and lower lows since the March 2024 peak, which indicates that Solana has not regained leadership in the market.
Key Resistance Levels Around $95 And $110 Could Shape The Next Move
Short-term price action now focuses on whether SOL price can break through nearby resistance. The area between $95 and $96 stands out as the first major test, as it aligns with the March high and recent market structure.
A successful move beyond that level could open the door to higher targets. The analyst highlights a broader resistance zone between $110.82 and $138.79 based on Fibonacci projections. That range represents a typical extension for a corrective rally, although it does not guarantee price will reach those levels.
Current price behavior remains relatively subdued, which suggests the move still needs more strength before reaching those targets. The market may continue to climb gradually if support levels hold, but strong confirmation would require a more decisive push.
Read Also: ChatGPT Predicts the Price of Solana and XRP If the Clarity Act Doesn’t Pass in 2026
The bigger picture still leans toward caution. The upward move looks more like a correction within a broader downtrend than the start of a new bullish cycle. The analyst from More Crypto Online emphasizes that a clear five wave impulse would be needed to confirm a shift in structure.
Support zones have held multiple times throughout February, March, and April. That stability gives the market room to move higher in the short term. A break below those levels would change the outlook quickly and suggest weakness returning.
Solana could continue climbing toward $110 or higher if momentum improves, or it could stall near resistance and form another lower high before pulling back again.
FAQs
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
