SOL monthly chart shows a supply zone under $300, while price slides into a major gap area. Greenytrades argued that Solana could struggle to reclaim and hold levels above $300. He tied that view to SOL’s token inflation, which can create steady sell pressure, and he said demand has looked mostly cyclical. In his framing, SOL would need “permanent buyers,” not just bull cycle flows, to sustain prices above $300.
On the monthly SOLUSD chart (Binance), price sits in the mid-80s after a long decline from the 2024–2025 highs. A wide gray supply band below the prior peak zone marks overhead resistance that previously defended the level before the latest downtrend accelerated. The band sits well under $300, indicating a visible overhead area. Price also approaches a lower gray region labeled as a monthly fair value gap, with an additional 3M FVG zone beneath it, notable because such gaps often act as magnets during retracements.
Ali Charts questioned whether this cycle is different for Solana. He points to a familiar pattern on the monthly SOL chart, where prior cycle peaks triggered sell signals before a deep drawdown. This history frames the current setup, where a new sell marker appears near the recent highs and the chart shows a long base formed after the prior collapse, followed by a recovery. The chart does not confirm outcomes.
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