Solana is back near a key support zone, with traders watching whether the $40 to $60 area can hold before the next major move. While one chart points to long-term targets at $500 and $1,000, another suggests SOL may still see one final washout before any stronger recovery begins.
Solana Chart Targets $500 and $1,000 if Key Support Holds
Solana is trading near $72 as a long-term chart points to a key support zone between $60 and $40.
The chart, shared by CryptoPatel on X using TradingView data, shows SOL pulling back into a marked support and entry area after failing to hold higher levels. The analyst says he bought SOL between $60 and $40 and plans to take profit at $500 and $1,000.
SOL/USDT two-week chart. Source: CryptoPatel on X, TradingView
The first major area to watch is the support zone around $52 to $60. If SOL holds this range, buyers may try to build a recovery toward the $100 level first. A stronger move would then need to reclaim the $160 to $220 area, which has acted as major resistance in previous cycles.
The chart also marks higher long-term targets at $500 and $1,000. These levels would require a major bullish move and a clear break above the previous resistance zone near $220 to $295.
For now, the setup remains long-term and speculative. SOL is still far below the projected targets, and the bullish case depends on support holding near the current range. If price loses the $40 to $50 area, the chart structure would weaken.
Solana Chart Shows Possible Final Washout Before New Highs
Solana is trading near $72 as one analyst says the token may still go through a final washout before starting a larger recovery.
The chart, shared by Ardi on X using TradingView data, shows SOL moving inside a long-term structure after falling from its previous cycle highs. The analyst expects a lengthy accumulation phase, followed by a possible brief move below current lows before Solana begins another push toward higher levels.
SOL/USD weekly chart. Source: Ardi on X, TradingView
The key area to watch is the lower support zone near the current range. If SOL loses this area, the chart suggests price could briefly move below the lower acceptance cloud, similar to the final capitulation seen in 2022.
However, the analyst also says most of the downside may already be behind Solana. If the market completes one more shakeout and buyers step in, SOL could begin a recovery toward the macro resistance area near previous highs.
For now, the setup remains long-term and speculative. Solana needs to hold or quickly reclaim support after any final drop before the bullish case becomes stronger. A clean recovery from this zone could support a move back toward higher levels into 2027.
