Solana’s SOL faces a tense test as it approaches a key trendline support near the $100 level. On the three-day chart, SOL has pulled back from a high near $261.90 and now trades around $105.54, signaling growing downside pressure after repeated failures to sustain higher levels. The rising long-term trendline has guided SOL’s broader structure since 2024 and is now seen as a critical decision point on higher timeframes. A nearby horizontal level around $120 previously acted as short-term support and remains in focus.
Two chart analyses frame the same pressure point, with Ali Charts noting the trendline’s recurrent role as support and signaling the next decision levels at $74.11, $50.18, and the $100 demand zone. Pepesso’s two-day view shows SOL entering the $100 zone again, near a demand area around $103.05 after a steep selloff. The price previously moved through a rising channel in mid-2024 and descended into a downward channel, suggesting the current move tests a critical support region. The latest action pushes SOL into the same horizontal demand zone that previously acted as a base during the prior cycle.
If selling persists, a deeper pull toward $74.11 and $50.18 remains possible, while stabilizing near $100 could support a bounce in higher timeframes. The trendline continues to act as a defining reference point for SOL’s broader structure.
Leave a Reply