Solana Nears Multi-Year Lows: The $85–$110 Zone Holds the Key to Its Future
Solana's price chart flashes a warning signal—it's teetering on the edge of territory not seen in years. All eyes are locked on a critical band between $85 and $110.
The Battle for Support
This isn't just another dip. The $85–$110 range has transformed from a historical comfort zone into a final defensive line. A clean hold here could signal a foundation for recovery, while a decisive breakdown opens the door to uncharted, lower depths. Traders are watching for a bounce or a break—there's little room for ambiguity.
Beyond the Price Tag
Forget the hopium; this is a pure stress test for network conviction. It separates long-term builders from fair-weather fans. A hold above $85 would be a powerful testament to underlying strength, suggesting the ecosystem's utility might finally outweigh the market's fear. A drop below? That tells a different story—one where narratives crumble faster than a leveraged position during a margin call.
The market's verdict is pending, and as any cynical observer knows, price has a brutal way of writing the first draft of history. Solana's next chapter gets its headline here.
Technical Patterns Point to Final Basing Phase
From a technical analysis point of view, it appears that SOL is in a late stage of consolidation.
On X, an analysis by analyst Elja points out that there is a cup and handle formation taking place in the month-long chart, which is commonly associated with a reversal or a base formation.
Source: X
This indicates that the drop is actually part of a larger basing process. The traders monitoring the neckline in the $SOL market are waiting for true market structure changes.
If there is a definite breakout above the downtrend, this may well come as a surprise, since most traders are concentrated on the possibilities of forming head-and-shoulders patterns.
If the market is in the phase of consolidation, this may open the way for the subsequent positive trend.
Solana Downtrend Lacks Bullish Confirmation
Analysts have always emphasized the need to trade disciplinarily when an environment of uncertainty exists.
A case of a cautious approach can be observed as long as SOL is in a downward trend that is not supported by the confirmation of a bullish momentum of SOL.
Market observers recommend that they remain on the fringes, capital protection, and wait until they see good technical patterns before putting their money into it.
Even bulls mostly on crypto understand that it is necessary to respect long-term trends and evident patterns in order to save money.
The current recommendation is not to jump into positions but to focus on time and quality setups, despite the possibility of purchasing at a higher level in the future.
