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Solana is currently trading above key demand levels, showing resilience after weeks of market uncertainty. However, the altcoin has not yet confirmed a break in the daily downtrend that began in overdue November. As SOL continues to oscillate near critical technical levels, analysts and investors are closely watching a decisive move that could signal the beginning of a massive surge towards price discovery.
Top analyst and trader Jelle recently shared detailed technical analysis of X, highlighting that Solana has regained key weekly and monthly support levels. According to Jelle, SOL’s ability to stay above these supports is a sturdy bullish indicator. This development has sparked optimism among investors who see Solana’s current consolidation as preparation for a significant breakout.
Despite the positive signals, SOL needs to overcome its daily downtrend to confirm a bullish reversal. A tidy break above this trendline would mean that the momentum has changed in the bulls’ favor, setting the stage for a potential rally towards recent highs.
As market sentiment improves and technical indicators level out, Solana could soon become a leading asset in the cryptocurrency market recovery. The coming days will be crucial in determining whether SOL will be able to capitalize on the sturdy support levels and push higher.
Solana maintains key levels – a breakthrough is coming
Solana showed renewed strength in the market, breaking above the critical levels of $180 and $205. The move has reignited investor confidence, with many viewing Solana as a trendsetter poised for further gains. After weeks of market uncertainty, SOL’s ability to regain these levels signals a potential bullish rebound.
Jelle’s best analyst recently shared technical analysis on Xemphasizing Solana’s sturdy position. He highlighted that SOL has returned above key weekly and monthly support levels, adding that its current price action suggests it is ready to push higher. According to Jelle, Solana’s technical indicators align with the possibility of hitting recent all-time highs in the coming weeks.
However, the path forward is not without challenges. Solana remains in a broader bear pattern that began in overdue November and a tidy break is needed to confirm the beginning of a recent uptrend. Overcoming this structure would provide clear upside momentum and set the stage for a surge towards price discovery.
The next few days will be crucial for Solana at this crucial time. If the altcoin manages to maintain its momentum and break out of the bearish framework, it can strengthen its position as a market leader, exhilarating investors for the rest of the year.
Testing key pump demand
Solana (SOL) is currently trading at $214, testing critical support of the 200 4-hour moving average (MA). This level is a significant indicator of short-term momentum, and staying above it is necessary for SOL to maintain its bullish structure. The market is watching closely to see if Solana can utilize this support as a springboard for a breakout.

To rekindle bullish momentum, SOL must break above the downtrend line that has marked its price action since November 22. A decisive move above this resistance would signal strength and pave the way for growth. Analysts point to $230 as the key level for recovery. If SOL manages to rise above this level and hold it as support, the rally is expected to be both massive and rapid, possibly pushing the price to recent highs.
However, risk will remain if SOL does not rise above $220. Such a scenario could indicate that the bearish structure is still intact, which could push Solana into a deeper correction. Maintaining support at the 4-hour 200 MA level will be key to avoiding further declines and maintaining investor optimism. The coming days will be crucial for Solana’s price trajectory.
Featured image from Dall-E, chart from TradingView