Solana is showing its first real signs of recovery after spending most of December under selling pressure. A four-hour SOL/USDT chart shared by market analyst Kamran Asghar reveals that price has now broken above a descending trendline that had capped every rally for nearly a month. This breakout suggests that the short-term bearish structure has finally been invalidated.
At the time of the move, SOL was trading near the $124.5 level, moving within a tight range that reflected controlled buying rather than emotional speculation. After falling from the mid-$140s earlier in December, Solana entered a prolonged consolidation phase where each rebound was rejected lower. That pressure kept building until price reached a compression point near $123–$124 — the same zone where the trendline was finally broken.
Once Solana moved above this resistance, buyers quickly stepped in. A strong bullish candle pushed price toward the $129–$130 area before a healthy pullback followed. What mattered most was not the temporary retracement, but the fact that price stayed above the old resistance zone. This behavior is typically seen when a market is shifting from a downtrend into a new recovery phase.
Kamran Asghar summarized the move by calling it a confirmed breakout, noting that Solana’s previous dip may already be over. The projected price path on the chart points toward the $135–$138 region, which sits well above the December consolidation range. That area would represent the next meaningful technical target if momentum continues.
Additional data supports this constructive outlook. DeFi analytics platform DeFiLlama has observed that even after Solana previously reached much higher levels earlier in the cycle, the network did not collapse into panic selling. Instead, it transitioned into sideways price action — a pattern often associated with long-term accumulation rather than market exhaustion.
However, broader macro conditions still add uncertainty. Global markets remain sensitive to economic signals, particularly the ongoing changes in bond yields. Short-term yields have fallen below long-term ones, a pattern that has historically preceded economic slowdowns. These conditions can limit liquidity across all risk assets, including crypto, which helps explain why central banks have recently leaned toward interest-rate cuts.
Despite these macro headwinds, Solana’s technical structure has clearly improved. The reclaim of a key trendline and the ability to hold above it suggest that selling pressure has weakened and buyers are slowly regaining control.
If this breakout continues to hold, Solana could be entering the early stages of a new recovery trend — one driven not by hype, but by improving market structure and steady demand.#solana #SOL空投 #InstitutionalAdoption #Metaplanet #TreasuryStrategy $SOL
