Solana is squeezed between trendlines, with $68.02 acting as the key level that keeps the upside roadmap alive. A breakout could first send SOL toward $98, while the larger chart still needs
Solana is squeezed between trendlines, with $68.02 acting as the key level that keeps the upside roadmap alive. A breakout could first send SOL toward $98, while the larger chart still needs confirmation before the $1,000 target matters.
Solana Price Squeezes Between Trendlines as Analyst Watches $68.02 Support
Solana is trading inside a tightening structure as price moves between two trendlines on the four-hour chart, according to a setup shared by Man of Bitcoin on X.
The analyst said a breakout is near because SOL is getting squeezed between both trendlines. He added that the key level to keep the upside ABC roadmap intact sits at $68.02.
Solana Four-Hour Chart. Source: Man of Bitcoin on X
The chart shows SOL moving sideways after a sharp decline earlier in the year. Price is now pressing near the point where the descending trendline and rising trendline meet, creating a tighter range.
The first support area sits near the Fibonacci levels marked on the chart. These include $81.36, $77.96, and $73.36. The chart also shows deeper support near $69.01.
The main invalidation level is $68.02. According to the analyst, SOL needs to stay above that level to keep the bullish ABC structure alive.
If Solana breaks higher from the squeeze, the chart points toward resistance near the upper trendline and the wider $98 area. A stronger move could then open the way toward higher targets marked around $110.54, $120.47, and $126.95.
However, a break below the lower trendline would weaken the setup. If SOL also loses $68.02, the upside roadmap would no longer hold.
For now, the chart shows Solana at a decision point. The next move depends on whether buyers force a breakout above the trendline or sellers push SOL below the support structure.
Solana Chart Points to Long-Term Breakout Setup as Analyst Targets $1,000
Solana is moving inside a long-term consolidation range as analyst CryptoCurb says SOL could eventually push toward $1,000.
The weekly chart shared on X compares Solana’s current structure with earlier accumulation and breakout phases. The analyst’s projection shows SOL breaking out of the current blue range and moving sharply higher.
Solana Weekly Chart. Source: CryptoCurb on X
The chart shows SOL forming a major base in 2020 before its strong 2021 rally. After that move, Solana entered a long downward channel, marked in blue, before recovering again in 2023 and 2024.
The latest structure shows another wide blue range from 2024 through 2026. SOL has been moving sideways to lower inside that range after failing to extend above the previous high area.
CryptoCurb’s projected path shows SOL breaking out of the current range and moving into a larger upside phase. The chart marks $1,000 as the long-term target.
However, the setup still needs confirmation. SOL would need to break above the upper side of the blue consolidation range before the bullish continuation path becomes stronger.
If buyers fail to push price out of the range, Solana could remain stuck in sideways price action. A breakdown below the lower side of the range would weaken the long-term breakout setup.
For now, the chart shows Solana in a waiting phase. The main question is whether SOL can repeat its earlier cycle pattern and turn the current consolidation into another major breakout.