- Solana sits on key support near $128, and traders watch this level closely because it could shape the next big move for the coin.
- Analysts expect a rebound because the rising trendline still holds strong and has supported Solana through every major pullback since 2020.
- Market data shows traders lean bullish, with many expecting a rebound toward $300–$400 as long as Solana stays above its strong support zone.
Solana is testing a critical support level that could guide its next macro move. The activity unfolds on the daily chart, where long-term signals continue to shape investor expectations. The market watches closely because the price action sits at a point that has historically influenced strong trend shifts.
A stubborn resistance zone and a rising support trendline are the focal points of the analysis. These two regions demonstrate the market’s strong points, weak points, and trading positioning. The chart also shows Solana moving back toward this rising trendline after facing fresh rejection at major resistance. Hence, traders want clarity on how this level reacts because it shapes the next bullish or bearish stretch.
Besides, the price action sits inside a structure that defines its long-term outlook. Analysts watch this level because it signals strength during broad market corrections. Moreover, this trendline has guided Solana since the 2020–2021 cycle, and it continues to attract buyers at every major pullback.
Key Support Levels Under Market Watch
According to James on X, “$SOL in all its glory. It is literally on Wall Street. The chart looks like THIS. And you don’t think it goes on a GENERATIONAL run? Not. Bullish. Enough.” His remark reflects long-term optimism. The chart he referenced shows a rising trendline that carried Solana through multiple cycles. Additionally, the same chart highlights a large resistance zone that capped every major rally for years.
Consequently, this upper zone remains the key barrier between consolidation and a potential breakout. Sellers continue to dominate that region because each rally met heavy rejection there. However, the price now rests near the long-term trendline again. The reaction at this trendline attracts strong market attention because every previous bounce produced meaningful upward moves.
Analysts Foresee Possible Upside If Support Holds
According to analyst Mansorah Crypto, “Solana is currently sitting on a strong long-term support zone around $128–$130.” He also noted that the chart formed a Head and Shoulders pattern which triggered the recent correction.
Additionally, he explained that the decline still aligns with a normal market reaction rather than a major trend breakdown. He added, “As long as SOL holds above the key support level, the overall macro structure remains bullish, and the chart implies potential for a rebound toward the $300–$400 zone.”
Moreover, the rising trendline strengthens the same outlook because it aligns with the noted support. Traders now watch this zone because a break below $128 weakens the bullish setup. However, the structure still leans upward while the price stays above it.
