Solana (SOL) Price Analysis by MakroVision

Cryptocurrency analytics firm MakroVision has released a new report assessing Solana’s recent price action after a sharp sell-off. Although Solana shows signs of stabilization, analysts are questioning whether this signifies the beginning of a real recovery or merely a temporary technical bounce.

Solana first indicated support by testing the 0.618 Fibonacci level at $118. However, the broader downtrend remains intact, and SOL must break key resistance levels to confirm a bullish reversal.

Key Price Levels

• $159: Strong resistance zone; breaking above this level could trigger a larger recovery.
• $170 – $188: Critical area to confirm a trend reversal. Without a breakout, Solana may stay in a bearish structure.
• $104 – $117: This “Golden Pocket” area has proven to be significant support for SOL.

At the time of writing, Solana is trading at $130.

> This is not investment advice.