Solana is trading near key support as analysts watch for early signs of a market bottom. The setup looks promising, but SOL still needs to reclaim major levels before a real trend reversal is
Solana is trading near key support as analysts watch for early signs of a market bottom. The setup looks promising, but SOL still needs to reclaim major levels before a real trend reversal is confirmed.
Solana may be trading at discounted levels, but analysts say the market still lacks clear evidence of a trend reversal.
According to InvestingHaven, reclaiming the $85-$90 range would serve as the first sign of renewed strength, while a move above $100 would further improve the technical outlook. However, the analyst noted that the real confirmation of returning momentum would come only if SOL breaks above $120.
SOL Recovery Levels and Momentum Signals. Source: InvestingHaven
The chart suggests Solana remains in a wait-and-see phase despite oversold conditions and historically attractive price levels. Until buyers reclaim these key thresholds, the broader recovery thesis remains unconfirmed.
Solana could be approaching an important turning point, with one analyst highlighting a technical setup that has historically appeared near major market bottoms.
According to WebTrend, SOL is validating a macro bullish divergence on higher time frames while trading near a long-term support zone. The chart also points to a potential ”spring” below previous support levels, a pattern often associated with the final stage of a correction before a reversal attempt.
SOL Macro Bullish Divergence. Source: WebTrend (@WebTrendCo) / TradingView
However, the analyst cautioned that the signal is not guaranteed. While bullish divergences have historically carried a high probability of marking local bottoms, confirmation still requires buyers to step in and push price higher. Until then, the setup remains an early warning sign rather than a confirmed trend reversal.
