Solana is pulling back into a key breakout zone while traders compare the current setup with its 2023 recovery base. If SOL holds the $74-$77 area, the chart keeps the path open toward $93 first, with $115-$127 still possible later.
Solana 2026 Chart Mirrors 2023 Setup as Traders Watch for Entry
Solana’s current structure is being compared with its 2023 recovery phase, when SOL built a base before a strong upside move. One trader says he is waiting for a better entry before buying again, as the chart suggests the larger setup may still need more time.
SOL/USDT 3-day chart. Source: Ryker on X, TradingView
The chart compares Solana’s 2023 price action with its current 2026 structure.
On the left, the 2023 chart shows SOL falling sharply, building a rounded bottom and then breaking into a strong rally. On the right, the 2026 chart shows a similar early-stage base forming after another steep decline.
According to Ryker, he bought SOL at $40 in the last cycle and sold at $122. He is now waiting for another good entry before buying again.
The projected path on the chart suggests SOL may continue moving sideways first before a stronger rally develops. That would match the earlier cycle structure, where price needed time to build a base before the larger move began.
The key area to watch is the current support range near the recent lows. If SOL holds that structure, the comparison with 2023 becomes stronger.
However, the setup still needs confirmation. A clean breakout above nearby resistance would be needed before the larger bullish case becomes more reliable.
For now, the chart points to patience. Solana may be forming a familiar cycle setup, but the better entry could depend on whether price holds support and confirms the next move higher.
Solana Retests Breakout Zone as Bulls Watch $74-$77 Support
Solana has pulled back into a key support and breakout zone, where one trader says he has started adding to his position again. If SOL holds this area, the chart suggests another local low could form before a move higher.
SOL/USDT 12-hour chart. Source: Scient on X, TradingView
The chart shows SOL pulling back after a sharp recovery from the June lows. Price has now returned to the blue support zone that previously acted as a breakout area.
According to Scient, SOL has reached the support, range low and breakout zone he was watching. He said he started adding size again at support and has bids placed down to $74.
That makes the $74-$77 area important. If buyers defend this zone, the retest could confirm that the old resistance has turned into support.
The chart also shows a possible path higher if the support holds. The first major target sits near $93, while the larger upside area extends toward the $115-$127 region.
However, the setup still needs confirmation. If SOL loses the support zone, the next lower area around $66-$68 could come back into focus.
For now, the key test is whether Solana can hold the breakout retest. A strong reaction from this zone would keep the bullish continuation setup alive.
