Is the Recovery in Solana (SOL) Permanent or Could Further Declines Be Coming? Analytics Firm Reveals Critical Points

Cryptocurrency analytics firm MakroVision assessed Solana’s price action, noting that the asset has reached its lowest levels since August 2024.

The main question on analysts' minds now is: Is there a reversal in sight, or will the decline continue?

Solana (SOL) remains in a downtrend, forming lower highs and lower lows while holding below falling trendlines. Despite showing some signs of a short-term recovery, the price is still below key resistance levels.

MakroVision analysts explained the key levels in Solana price as follows:

• $159: A critical level that will determine whether the recent recovery is just a technical bounce.
• $170-$188: A break above this range could signal a potential trend reversal.
• $104 – $117: This area, known as the golden pocket, gave the first reaction. Holding above this area is essential for a potential trend reversal.

As a result, Solana showed a small recovery, but the broader trend remains bearish. A sustained break above $159 could be the first strong bullish signal. Otherwise, the risk of another liquidity test and a return to lower support levels remains.

*This is not investment advice.