SOLANA at a Critical Juncture: $100 Rally or $50 Slide?
$SOL appears to be forming a triple ascending bottom, signaling subtle buying pressure. Price structure is tightening, momentum indicators are turning upward, and SOL is attempting to reclaim short-term averages.
SOL
86.53
-1.94%
Bullish outlook: Revised targets now point to $104.5 as the realistic optimistic zone after the third low. If momentum picks up, a swift move toward the $100 psychological level is possible.
Bearish risk: If key support breaks, downside could accelerate. The next significant level sits at $64.25, potentially acting as a bear trap, while the broader risk target is around $50.5.
The market won’t linger in limbo for long. In the next 2–3 weeks, SOL is likely to decide its path: a $100 breakout… or a $50 flush.
Trade wisely.