The SOL price is starting to look like a coiled spring right now. Crypto analyst Ali Martinex pointed out that Solana could be setting up for a 10% move, and when you look at the chart, it’s easy to see why.
Solana has been squeezing into a tighter and tighter range, with every push up getting knocked back and sellers quietly leaning on it from above. This kind of setup doesn’t stay quiet for long. When things get this compressed, a bigger move usually follows, it’s now a matter of whether buyers can finally break through or if sellers take control and push the SOL price lower.
What you'll learn 👉
Sellers Keep Showing Up for Solana
We had a look at the 1-hour chart shared by Ali, and the SOL price is locked between $85 and $92. That’s a pretty tight range. What stands out is how the price keeps getting pushed back at $87. Buyers try to break through, but they don’t have enough strength to hold it.
Each attempt fades faster than the last, and that’s always a warning sign in the short term. Right now, $87 is the level everyone’s watching. It’s acting like a ceiling, and sellers are very active there. Because of that, the SOL price keeps drifting back down toward support.
That support sits at $85. If price drops below it, things could speed up on the downside, with $84, $83, and even $82 coming into play pretty quickly. On the other hand, if buyers finally push through $87, that would be the first real sign of strength. A move above $90 would make things even more interesting and could flip the short-term outlook.
There’s a Bigger Concern in the Background
Now here’s where it gets more interesting. Another analyst, Ted Pillows, pointed out something that most people aren’t paying attention to, the performance of Solana treasury companies.
These are public companies that hold SOL, similar to how MicroStrategy holds Bitcoin. In theory, if the SOL price is strong, these companies should benefit. But that’s not what’s happening.
Stocks like Sol Strategies Inc., Sharps Technology Inc., and DeFi Development Corp are all trending downward. At the same time, Solana as a network is still landing partnerships with major names like Western Union and JPMorgan. You’d expect more excitement, but the market isn’t reacting that way.
That disconnect raises a question about demand. If investors aren’t bidding up companies holding SOL, it may mean confidence isn’t as strong as it looks on the surface.
Read Also: Here’s the Solana (SOL) Price If Western Union’s USDPT Stablecoin Goes Live on Mainnet Next Month
What Could Come Next For SOL
Right now, the SOL price is stuck in a tight range, and that kind of setup usually doesn’t last long. The triangle pattern Ali mentioned is nearing its end, so a breakout is likely coming soon.
If buyers take control and push the price above $87, then $90, we could see a strong move higher. But if $85 breaks, the downside levels come into focus fast. At this point, it’s a waiting game. The SOL price is compressed, and the next move will likely be decisive.
FAQs
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
