Solana (SOL) is trading near $72 as technical analysts identify a key support zone between $40 and $60. Two separate chart analyses present contrasting scenarios: one projects long-term targets at $500 and $1,000 if support holds, while another suggests SOL may experience one final washout before any sustained recovery. The technical setups focus on whether the current support range can stabilize price action before the next major directional move.
CryptoPatel Chart Identifies $500 and $1,000 Targets Above Key Support
CryptoPatel shared a long-term SOL/USDT chart on X using TradingView data, showing Solana pulling back into a marked support and entry area between $60 and $40. The analyst stated he bought SOL in this range and plans to take profit at $500 and $1,000.
The chart identifies the first major support zone around $52 to $60. The analysis indicates that if SOL holds this range, a recovery toward the $100 level would be the initial target. A stronger move would require reclaiming the $160 to $220 area, which has acted as major resistance in previous cycles.
The chart also marks higher long-term targets at $500 and $1,000. These levels would require a major bullish move and a clear break above the previous resistance zone near $220 to $295. The analyst notes the setup remains long-term and speculative, with SOL still far below the projected targets. The bullish case depends on support holding near the current range, with the chart structure weakening if price loses the $40 to $50 area.
Ardi Analysis Suggests Possible Final Washout Before Recovery
Ardi shared a SOL/USD weekly chart on X using TradingView data, showing Solana moving inside a long-term structure after falling from previous cycle highs. The analyst expects a lengthy accumulation phase, followed by a possible brief move below current lows before Solana begins another push toward higher levels.
The analysis identifies the lower support zone near the current range as the key area to watch. If SOL loses this area, the chart suggests price could briefly move below the lower acceptance cloud, similar to the final capitulation seen in 2022.
The analyst states that most of the downside may already be behind Solana. If the market completes one more shakeout and buyers step in, SOL could begin a recovery toward the macro resistance area near previous highs. The analysis notes the setup remains long-term and speculative, requiring Solana to hold or quickly reclaim support after any final drop before the bullish case becomes stronger. A clean recovery from this zone could support a move back toward higher levels into 2027.
FAQ
What support zone are analysts watching for Solana?
Analysts are monitoring a key support zone between $40 and $60, with specific focus on the $52 to $60 range as the first major area that needs to hold for a potential recovery.
What are the long-term price targets identified in the CryptoPatel chart?
The CryptoPatel chart marks long-term targets at $500 and $1,000, which would require Solana to break above previous resistance zones near $220 to $295 and sustain a major bullish move from current levels near $72.
What does the Ardi analysis suggest about Solana's near-term price action?
The Ardi analysis suggests Solana may experience one final washout with a brief move below current lows before starting a larger recovery, similar to the capitulation pattern seen in 2022, followed by a potential move toward previous highs into 2027.
