Solana is trying to extend its recovery, but analysts say a short-term liquidity sweep may come before the next move higher.
More Crypto Online says SOL’s next phase has started, while TraderSZ is watching for a dip below intraday lows before a possible run back toward resistance.
Solana Enters Next Phase as Bulls Eye $78-$89 Resistance
Solana may be starting its next recovery phase after holding short-term support, according to crypto analyst More Crypto Online.
In a post on X, the analyst said SOL's “next phase has started,” pointing to a one-hour Elliott Wave chart that shows price recovering from the early June low and moving into a new upward structure.
SOL/USD 1-Hour Elliott Wave Chart. Source: More Crypto Online (@Morecryptoonl)
The chart shows SOL trading near $71.88 after rebounding from the $57-$63 area. The current structure suggests Solana may be working through an impulsive move higher, with the next resistance zone marked between roughly $78 and $89.
Before that, SOL needs to hold nearby support around $69-$71. A deeper pullback could bring the $65-$67 area back into focus, where Fibonacci levels and previous support overlap.
If buyers defend those levels, Solana could continue toward the higher resistance zone. However, a break below support would weaken the bullish setup and delay the expected next phase.
Solana Traders Watch for Liquidity Sweep Before Next Move Higher
Solana is approaching a key short-term support zone, and one analyst is looking for a final shakeout before a potential rebound.
In a post on X, TraderSZ said the ideal scenario would be a sweep of intraday lows followed by a rejection and recovery toward the session high, a pattern often associated with liquidity grabs before a directional move.
SOL/USD 10-Minute Chart. Source: TraderSZ (@trader1sz)
The chart shows SOL pulling back from resistance near $75-$76 after failing to break higher. Price is now testing support around $72.27, with a deeper support zone marked near $69.80-$70.00.
According to the analyst, a brief move below current intraday lows could trigger liquidity before buyers step in. If that occurs and support holds, Solana could attempt another push toward the recent range highs near $75.
However, a sustained break below the $70 area would weaken the bullish setup and suggest sellers remain in control. For now, traders are watching whether the current pullback becomes a simple liquidity sweep or develops into a deeper correction.
