Solana continues to trade within a cautious consolidation phase, with price 
action suggesting that a temporary recovery may develop before the market 
makes its next major directional move. While short-term momentum has started 
to stabilize, SOL still faces key resistance barriers that could determine 
whether the current bounce evolves into a stronger breakout or fades into 
another corrective wave. Solana Corrective Recovery Scenario Begins To Take 
Shape Focusing on the 1-hour timeframe, Elliott Waves Academy identifies a 
potential short-term recovery for Solana. This corrective move is modeled as 
wave (2)/(B), likely taking the shape of a complex double zigzag structure as 
the market attempts to stabilize after recent downward momentum. Related 
Reading: Solana Fails Channel Breakout—$78 Support The Next Destination? To 
confirm this recovery path, a decisive breakout above the upper boundary of 
the current diagonal pattern is key. Additionally, clearing the key resistance 
level tied to the previous bearish wave would significantly bolster the case 
for this upward correction, which is expected to evolve within the defined 
price channel shown on the chart. The primary target for this relief rally 
resides within the 50% to 61.8% retracement zone of the preceding decline, 
with potential for an extension up to the 78.6% level. Ultimately, the 
structural outlook depends on how the price interacts with this resistance 
zone. If the recovery gives way to renewed selling, the area will likely act 
as a focal point for seller concentration. However, should the market 
establish higher lows and follow up with a series of impulsive waves, the 
trend would shift toward sustained upside potential. Solana Remains Stuck 
Inside Broad Range Structure MCO Global DE noted that Solana continues to 
trade sideways within the same broad range structure that has controlled price 
action for several months. According to the analysts, the market still lacks a 
convincing breakout signal, while recent movement on the lower timeframes is 
dominated by short-term noise. Related Reading: Solana (SOL) Rebound Faces 
Major Test Near Key Resistance Zone The expert explained that the leading 
scenario remains largely unchanged, with several important support zones 
continuing to hold. Immediate support is seen around $81.28, while significant 
support regions remain between $71.92 and $77.96. MCO Global DE added that 
another short-term dip cannot be ruled out before Solana attempts a renewed 
recovery within the larger B-wave structure. At the same time, the analysts 
warned that the market remains vulnerable to deeper corrective movement as 
long as the key resistance around the $96 level remains intact. Overall, MCO 
Global DE believes Solana is still trapped inside a large range-bound 
structure, with no clear confirmation of a larger bullish breakout at this 
stage. Until buyers successfully overcome the major resistance levels, 
particularly near $96 and eventually $110, the broader market outlook is 
expected to remain cautious and neutral. Featured image from Pxfuel, chart 
from Tradingview.com

Solana continues to trade within a cautious consolidation phase, with price action suggesting that a temporary recovery may develop before the market makes its next major directional move. While short-term momentum has started to stabilize, SOL still faces key resistance barriers that could determine whether the current bounce evolves into a stronger breakout or fades &#8230;

Solana Price Structure Suggests Temporary Recovery Before Next Major Decision

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Solana Price Structure Suggests Temporary Recovery Before Next Major Decision

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