Solana is trying to hold key support after reclaiming its previous range, keeping the recovery setup alive. If buyers defend the $75-$77 zone, SOL could build toward $100 first, with $120 as the bigger target.
Solana Tries to Hold Wave 4 Support as Bulls Wait for the Next Push
Solana is pulling back into a key support area, but the broader short-term setup has not broken yet. Traders are now watching whether this wave 4 zone can hold and set up another move higher.
SOL/USD 1-hour chart. Source: MCO Global on X, TradingView.
The chart shows SOL retracing into what the analyst calls a wave 4 micro support zone after its recent rally. In Elliott Wave terms, that usually marks a pause inside a broader move rather than a full trend breakdown, as long as support continues to hold.
According to MCO Global, Solana is trying to form a local low in this support region. The key levels on the chart sit near $80.38, $78.22, and $76.52.
If buyers defend that area, the bullish structure remains intact and the market could start building toward the next upside leg.
On the upside, the chart highlights potential resistance targets near $85.81, $88.79, and $93.95. Those are the next main areas to watch if confirmation comes in and momentum turns higher again.
For now, the setup still needs proof. If SOL holds the wave 4 support zone and starts pushing higher, the recovery structure stays alive.
If it breaks below the retracement area, the bullish count would weaken and the deeper support zone around $71.17 to $64.68 could come back into focus.
Solana Range Reclaim Puts $100-$120 Back in Focus
Solana is trying to break back into its previous range, with one analyst watching $75-$77 as the key support zone. If buyers defend that area, SOL could continue toward $100 and possibly $120 over the next weeks or months.
SOL/USDT daily chart. Source: Michaël van de Poppe on X, TradingView.
The chart shows SOL recovering after a deviation below its earlier range, then pushing back above the lower range boundary.
That reclaim matters because failed breakdowns can turn into stronger recovery setups if buyers hold the former resistance as support.
According to Michaël van de Poppe, the main level to watch is the $75-$77 area. He wants to see that zone hold as support before expecting further upside continuation.
If SOL holds above that support, the first major target sits near $100. That level lines up with the upper part of the prior range and remains an important resistance area.
Above that, the chart points to a larger target zone around $120. That area would require stronger momentum, but it becomes more realistic if SOL keeps building higher lows.
However, the setup still needs confirmation. A clean break back below $75-$77 would weaken the reclaim and could send price back into sideways movement.
For now, Solana’s range reclaim is the key signal. Holding $75-$77 would keep the path toward $100-$120 alive, while losing that zone would put the recovery structure back at risk.
