Solana posted a swift 8.40% rebound after a technical buy signal appeared at $68.46, with price reaching $74.27. The latest move has put focus on two nearby levels at once: a support zone that bulls have managed to reclaim, and a resistance band that could slow the recovery in the short term.
Buyers stepped in around $60 to $62
Market analyst BitGuru said SOL had previously traded sideways between $82 and $84 before sliding into a sharp decline. During that drop, Solana fell by about 81.66%, eventually reaching the $60 to $62 area. That zone drew in buyers and helped the token regain upward momentum. In BitGuru’s view, the lack of fresh lows and the appearance of a possible bottom suggest selling pressure has started to fade while accumulation has increased.
He added that Solana is trying to recover from a critical pivot area, with the $67 to $68 range now carrying added importance. After acting as resistance, that band has been reclaimed as support. Price holding in the $73 to $75 range would indicate that the newly formed support structure is still intact over the near term.
$80 to $82 becomes the next upside test
BitGuru’s framework points to the $80 to $82 region as the next notable target if momentum continues. This band had previously served as a floor during consolidation before the broader sell-off, which gives it technical weight. A move above $82.67 would, in his assessment, offer clearer confirmation that the earlier selling wave has weakened.
That leaves several price levels in focus. The $60 to $62 area marks where buyers reappeared, $67 to $68 is the key support flipped from resistance, $73 to $75 is the active short-term trading band, and $80 to $82 stands as the next resistance region overhead.
Short-term signals turn cautious near $75
Analyst Ali is watching a more immediate risk. He noted that after the TD Sequential flashed a buy signal at $68.46, SOL rallied to $74.27, but the price is now moving into the $74 to $75 zone where resistance signals are building on the four-hour chart.
According to Ali, that area now shows both a TD Sequential sell signal and a downward-sloping 200-period simple moving average. Those signals increase the chance of a short pullback. If sellers regain control, Solana could revisit $71 first and then test $68 again. For now, the market is watching whether SOL can hold above $67 to $68 and whether it can push through resistance near $75.