Solana (SOL) has been trading within an extremely narrow price range for the past three months, with volatility dropping to its lowest level in years. Several technical analysts observe that such prolonged calm often precedes a sharp directional breakout.
Three-Month Range-Bound Trading, Volatility at Multi-Year Lows
According to a three-day chart shared by Daan Crypto Trades, SOL has been moving sideways around $85 after a sharp decline earlier this year. Price action has been confined between $78.85 and $95–100, resulting in a mere 10% band. Daan Crypto Trades remarked: “We’ve been rangebound for a long time, and price is at its quietest in years. When this tight range breaks, we could see a move of 20 to 30 percent.” In an upside scenario, he suggests SOL could first move to $102, then $110; a downside break could send the token back to the $68–64 region. So far, neither support nor resistance has been clearly breached on the charts.
Weekly Chart Support and Fibonacci Levels
Another analyst, Crypto Patel, focuses on the weekly structure, pointing out that Solana is approaching a strong support zone, which he calls a “buy zone.” This area resembles the region where the last major rally began. The primary weekly support band lies between $52 and $72. Currently, SOL is trading near $85, holding above that zone. The next key technical resistance sits at $101. Patel's analysis tracks Fibonacci retracement levels: the 0.618 level at $52.11, 0.5 at $72.55, and 0.382 at $101. If price breaks upward, these levels are expected to be tested in sequence. He added: “Solana has previously seen a sharp move upward from this area. But for a new rally, SOL must break through $101, then $135, and eventually $225 resistance levels.” Long-term graphical targets are set at $500 and $1,000, though near-term resistances must first be overcome. Should the price fall below the $52–72 support, the technical outlook could turn negative.