Solana is holding near $75 as traders watch whether SOL can break short-term resistance or first revisit support around $67 before its next major move. Two technical setups point to bullish recovery scenarios, with near-term targets around $87 and a broader daily-chart objective near $130 if buyers reclaim several key resistance levels.
Solana Tests Descending Resistance as Trader Maps $130 Upside Scenario
Solana is pressing against a descending trendline after spending much of July and early August below a sequence of lower highs. Trader Daink’s daily SOL/USDT chart presents a bullish swing setup from around $75, but the path toward the projected $130 target requires SOL to clear several major resistance levels first.
Solana SOL Daily Chart Descending Trendline․ Source: Daink (@TraderDaink) on X
SOL trades near $75.31 on the chart, close to the point where a descending resistance line from the early-July high meets the current price. That makes the immediate area important: a sustained move above the trendline would weaken the short-term bearish structure and could give buyers room to challenge higher resistance.
The first major level above price is $82.25. Solana previously reacted around this zone, and reclaiming it would provide stronger confirmation that the breakout is developing rather than becoming another rejection from descending resistance. Above $82.25, the chart marks $98.40 as the next significant hurdle.
A break through $98.40 would materially strengthen the bullish scenario because it would move SOL above a resistance area that capped price during earlier rebounds. From there, the chart identifies $114.55 before the larger upside objective around $130.70. The green projection on the chart shows that $130 area as the trader’s main swing target, not as a guaranteed destination.
The downside remains equally important. SOL is still trading only modestly above the chart’s major support around $66.10. A rejection from the descending trendline followed by a drop toward that level would signal that sellers remain in control. Losing $66.10 would undermine the bullish setup and raise the risk of a deeper move toward the lower boundary shown near $61.28.
For now, the chart favors watching confirmation rather than assuming an immediate rally to $130. A daily breakout through the descending trendline, followed by a successful move above $82.25, would strengthen the bullish case. Failure to clear resistance and a break below $66.10 would instead invalidate much of the setup and keep Solana vulnerable to renewed downside.
SOL Could Retest $67 Support Before a Larger Recovery
A second Solana chart points to a different route higher, with Crypto Tony watching for a possible deeper pullback before buyers regain control. The four-hour SOL/USD chart shows price near $75.58, below resistance around the upper-$77 area, while a major horizontal support zone sits near $67.50.
Solana SOL Four-Hour Chart With $67.50 Support․ Source: Crypto Tony (@CryptoTony__) on X
SOL has struggled to sustain moves above roughly $77 to $78, making that area the immediate resistance to watch. Price has tested the region several times since late July without producing a decisive breakout, leaving Solana in a short-term range as buyers and sellers compete for control.
Crypto Tony’s projected path allows for a considerably deeper retracement before the next bullish move. The chart shows SOL potentially falling through the $67.50 horizontal support area and briefly reaching roughly $65 to $66 before reversing sharply higher. However, the trader also makes clear that the pullback may not extend that far, so the projected drop should be treated as a scenario rather than a forecast that must occur.
If SOL does retreat toward $67.50, the reaction around that level would become more important than simply reaching it. A quick recovery after testing the support zone, especially if price reclaims $67.50 following a temporary breakdown, would suggest that buyers are absorbing selling pressure and could provide confirmation for the bullish reversal shown on the chart.
The first obstacle on any recovery remains the $77 to $78 resistance area. Breaking and holding above that ceiling would strengthen the case for a larger advance and shift attention toward the low-$80s. The chart’s projected move ultimately extends toward roughly $87, suggesting that a successful support test could lead to a much stronger rebound.
The bullish scenario would weaken if SOL falls below the projected $65-$66 reversal area and fails to recover. In that case, the anticipated liquidity sweep and rebound would instead look more like a genuine support breakdown.
Combined with the daily chart, the setup presents two possible paths for Solana. SOL could break higher directly from its current consolidation, or it could first revisit deeper support before beginning a stronger recovery.
