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Solana has reached a key point where two chart setups now pull in opposite directions. One shows a breakout holding above $83.70 with room toward $88, while the other warns that if support fails, $SOL could slide toward $73.68.
Solana Holds Key Support as Traders Watch for a Push Toward $88
Solana is trying to stabilize after a sharp rebound, and the chart shared by Crypto Tony points to $83.70 as the level that could decide the next move. If $SOL holds above that area, the setup suggests price may continue higher toward $88 in the near term.
The 4 hour chart shows Solana recovering strongly from the recent low near the upper $78 range. After that bounce, price pushed back above the horizontal level around $83.70 and is now trading near $84.7. That move matters because the same area had acted as resistance earlier, and $SOL is now trying to turn it into support.
Solana 4 Hour Chart. Source: Crypto Tony on X
This is the key part of the setup. When a former resistance level starts holding as support, it can signal that buyers are gaining control. In this case, the chart suggests Solana needs to stay above $83.70 to keep the recovery structure intact. If that happens, the next upside target sits near $88, which is the next visible resistance area on the chart.
At the same time, the breakout still needs confirmation. A quick move above resistance does not always hold, especially after a strong vertical candle. So traders will likely watch whether $SOL can remain above $83.70 over the next candles instead of falling back below it. If price slips under that level again, the move could turn into a false breakout rather than a clean reversal.
For now, the chart leans short term bullish, but only while Solana holds the breakout zone. Above $83.70, the path toward $88 remains open. Below it, the recovery may lose strength and send $SOL back into its prior range.
Solana Tests Key Support as Falling Wedge Keeps Reversal Hopes Alive
Solana is sitting at a support zone that now looks critical for the near term trend. The chart shared by DonWedge shows a red support box that must hold. Otherwise, the next downside level sits near $73.68.
Solana 4 Hour Chart. Source: DonWedge on X
The setup comes after a bearish rising wedge already broke down. That earlier pattern pointed to weakness, and the chart shows that move played out. Since then, $SOL has continued lower, but the structure now appears to be shifting into a falling wedge. That pattern is usually seen as a bullish reversal setup, especially when price starts compressing between lower highs and a narrowing downside channel.
Right now, the red support box is the key area to watch. If buyers defend that zone, the falling wedge structure stays valid and could support a rebound attempt. In that case, the market may try to push back toward the upper wedge boundary first.
However, if $SOL loses that support box, the chart suggests a move toward $73.68 could come next. Below that, the larger pink trendline near $61.78 remains the broader downside level on the chart. So while the wedge gives bulls a possible reversal structure, support still needs to hold before that idea gains strength.
At this stage, the chart shows a market at decision point. The bearish rising wedge has already done its damage. Now the focus shifts to whether the newer falling wedge can produce a reversal instead of another leg lower.