Solana is trading in a tight range around the $87 support level, with bulls and bears locked in a standoff. The price has failed to reclaim the April 2025 lows, indicating the first recovery attempt was unsuccessful. Market indecision remains high as SOL oscillates between $87 and $95.
$95 Resistance Becomes the Battleground
Analyst Daan Crypto Trades highlighted the $95 zone as a critical resistance. A confirmed break above that level could reopen the path toward $115–$125. On the 4-hour chart, a clear upward channel is visible. Ali Charts noted that $87 acts as dependable support, while $95 is the main medium-term hurdle. A sustained close above $95 could generate fresh momentum toward $98 and $102.
Bear Flag Pattern Raises Downside Risk
Crypto Lens pointed to a potential “bear flag” formation on the charts, characterized by a downward-sloping channel. Resistance sits in the $92–$95 range, with support at $87–$85. If Solana decisively breaks below $85, the price could quickly slide to $78–$75, and some longer-term projections even target $60 or lower. Conversely, a move above $95 would invalidate the bearish setup and could trigger a short-covering rally. Without conquering $95, the current upward movement remains tentative.
Goldman Sachs: Crypto May Have Bottomed
Amid the technical noise, a note of optimism came from macro markets. Goldman Sachs assessed that crypto prices may have found their bottom and cited improving macroeconomic conditions. This view has provided some renewed confidence across the space, with Bitcoin and Ethereum also showing signs of stabilization. However, Solana’s near-term fate still hinges on the $87–$95 range.
Key Levels to Watch
Support: $87, $82, $78; Resistance: $95, $102, $115. The $95 mark is the inflection point that could determine the next major direction. A break above opens the door to higher prices, while failure to clear it keeps SOL range-bound. A breakdown below $87 would likely accelerate selling pressure. The technical outlook remains cautiously optimistic as long as $87 holds, but a convincing close above $95 is required to confirm a sustained rally.