- Lark Davis predicts $300 upside if Solana breaks upward, with $169, $125, and $95 as key downside levels.
- RSI at 45.95 and cooling MACD readings indicate muted momentum but reduced selling pressure.
- Price stability above $200 and resistance at $205–$210 shape the next breakout zone to watch.
Solana is trading in a tight range. The asset continues to trade above the $200 level after a correction and current positioning shows muted momentum but no confirmed dip. The latest analysis from Lark Davis outlines two potential paths depending on where price breaks from its current compression. His view notes that Solana is tightening between defined levels, with one strong move likely to set the broader direction.
Analyst Levels and Immediate Price Map
According to Davis, a move above the current range could send the asset toward the $300 mark based on extension levels from the 1.618 Fibonacci projection. However, if downward pressure resumes, the downside areas he identifies include $169, $125, and $95.
This positioning establishes a clear set of markers for traders tracking confirmation. The price still trades below its recent highs near $230, and the area between $205 and $210 continues to act as resistance.
Recent momentum readings also point to mixed conditions. The RSI is at 45.95, just below the midpoint reading of 50. Its signal line is at 49.31, which shows limited strength but hints that the asset has moved away from oversold conditions.
Bearish Pressure Fades
Other gauges back up the outlook. The MACD line is at -4.82, with its signal line at -2.55 and histogram at -2.27. Those readings show that bearish pressure remains but has cooled compared to earlier sessions.
The market maintains footing above $200, which remains both a psychological and structural mark. Notably, any sustained price close above $210 would open a path toward the $225 to $230 area.
However, continued weakness below $200 would raise the chance of another test around $180 to $175. The recent recovery has unfolded on diminishing volume, which indicates participation has not returned in force even as prices attempt to stabilize.
Consolidation Holds
From a broader view, Solana trades beneath the highs from earlier in the month. The pattern taking shape resembles consolidation following the recent pullback. Indicators point to a possible sideways to upward move if buying strengthens and the MACD crosses upward in upcoming sessions. For now, the sentiment is cautious and the zone above $210 serves as the closest confirmation level for any follow-through.
