As the month approaches, the cryptographic market turns red for a moment, and Solana (SOL) complements the key level of support, which can determine its compact -term results. The analyst suggests that maintaining the current range at the weekend will be crucial for the long -awaited rally back to $ 200.

Solana hits the low -weekly low

Due to the withdrawal of the cryptographic market, most cryptocurrencies record Red Friday, and Bitcoin (BTC) and Ethereum (ETH) lose some key levels for a moment. Solana, one of the leading Altcoins in the cycle, followed the rest of the market and registered a 6% shade in the daily time.

Sol recorded a significant recovery from several months of decline, which led to the token to achieve the 14-month lowest level of USD 95 at the beginning of April. Over the past one and a half months, the cryptocurrency has regained many key levels, establishing the ground under a potential rally.

However, the cryptocurrency fought for regaining key resistance of USD 180, despite the fact that it reached a three -month level of USD 187 a week ago. Recovering this key barrier can speed up the price of SOL in relation to the USD 200, enabling a rally to fresh ups.

Today’s price campaign sent Solana to the 22-day lowest level of USD 156 after losing the price range 164–180 USD and USD 160 support zone for the first time since the turn of May 8.

Trader and Analyst Crypto Bullet common Bears for Solana, suggesting that the token will be worse in the rest of the year. He emphasized Sola’s commercial couple against ETH, noting that the cryptocurrency was in a growing wedge on a weekly chart since the Q4 2024 rally.

According to the SOL/ETH chart published by the cryptocurrency trader, she broke away from the formation after losing the 0.069 mark. For cryptographic, he signals that “ETH is soon pumping much more than Sol.”

All eyes to the weekly closing of salt

The Rekt Capital analyst noticed that Solana is trying to continue the weekly closing high resistance, which is crucial for his long -term rally.

Earlier he explained that the cryptocurrency re -introduced its scope of re -accumulation after successfully recovering the 120 USD barrier last month and consolidating around USD 160-175.

For the analyst, the price of salt “must continue to demonstrate price stability” around this zone, because it is “required that Sol will snatch out of this range to USD 200”.

He stated that Solana must strive for a re -test similar until the end of 2024, when the cryptocurrency built a base around the range high before a breakthrough with many weekly closures near the resistance zone, which led to a huge breakthrough to the 200 USD mark.

Rekt Capital emphasized that Sol has successfully tested this area as support in the last few weeks. He warned, however, that cryptocurrency could not close the current price zone, because “this irritates the possible loss of this region as support.”

The decrease below this range may lead to a low range between the 120–135 USD sign. “Price stability in the orange range is therefore crucial,” he concluded.

At this time, Solana trades at USD 159, which is a decrease of 11.6% in weekly time frames.