Solana is trying to stabilize after the recent downward pressure, with the $85 level emerging as a key support area. Price action is showing early signs of a base forming as bulls attempt to protect this area and slow the broader decline. While the short-term structure points to a potential recovery attempt, a stronger reversal in momentum would likely require a decisive push toward higher resistance levels.
Solana is showing early signs of stabilization near the key zone
In a recent technical summary, MakroVision Research noted that Solana is showing early signs of stabilization after its recent sluggish period. While the broader market structure remains under pressure, current price behavior suggests that the pace of sales may slow, allowing the market to begin a short-term recovery phase.
According to the analysis, Solana is currently consolidating just above $85, a price zone with short-term significance. At the moment, the chart is forming a slightly bullish structure characterized by progressively higher lows. As this pattern develops, the price again approaches the upper boundary of the formation, indicating that market participants are testing whether there is enough momentum to push the price higher.
Despite these short-term constructive developments, the broad trend remains. Solana is still trading clearly below the red descending trendline, confirming the downtrend.
A break of the $100 line could indicate a bullish reversal
The analyst further emphasized that a clear break above the red trend around the $100 level would be the first meaningful signal for Solana in the current market structure. This suggests that buyers are regaining control, potentially opening the door for a stronger recovery and short-term momentum reversal.
On the other hand, the outlook remains cautious as long as the price continues to trade below major trend resistance. If Solana approaches the $100 area but faces a sharp rejection, it will reinforce the view that the broader downtrend remains intact.
In the near future, Solana seems to be recovering from his recent slump and trying to build a potential structure. The emergence of gradually rising lows indicates that buyers are starting to defend the current level, which could provide the basis for a possible upward movement if the momentum improves.
For the above scenario, maintaining the support level of $85 remains important. As long as this area acts as a floor, the market will retain the opportunity to go higher. A sustained retracement of the $100 level would be a real turning point to improve the overall technical outlook, while a repeated rejection would confirm the existing downtrend.
