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Analysts pointed out that Solana tested $82 resistance and looked at the long-term target at $1,000

2026-08-09 00:53:53
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Solana is close to key technical levels, with both long-term and short-term analysis pointing to a potential rebound

This week, Solana was trading close to a key technical area. Both short-and long-term technical analysis show that the asset is expected to rebound significantly after the recent decline. Multiple upside targets have emerged, and the chart shows that if bullish momentum takes shape,$82.25,$98.40 and $130.70 will become the next batch of resistance levels. At the same time, an independent cycle analysis has resurfaced the possibility that Solana could rise to $1,000 in the next few years.

Cycle analysis points to potential bottom versus $1,000 target

A well-known chart analyst pointed out that Solana may have hit an important cycle bottom. According to the analysis, this correction has lasted for 567 days since the previous cycle's high, while Solana's previous cycle took 420 days to go from top to bottom. Analysts believe this longer decline may indicate that the downward phase is drawing to an end.

The analyst's chart depicts two key market cycles, with the current correction lasting about 147 days longer than the downtrend from 2021 to 2022. The focus is on the longer duration of the latest decline, which supports analysts 'view that further sharp declines are less likely at this stage.

However, simply exceeding the duration of previous bear markets does not automatically confirm a bottom. Although the analysis marks around $74 as a potential cyclical low, there has been no technical breakthrough or convincing reversal pattern to verify that the market has fully turned upward. Typically, confirmation requires prices to break through key resistance levels and form higher highs and higher lows in the next few trading days.

If the bottom scenario holds, the analyst's chart envisions Solana's rise gradually accelerating over many years, surpassing hundreds of dollars, and approaching or exceeding $1,000 around 2028. The forecast is based on the assumption of a new growth stage and is speculative and depends on whether Solana can replicate and surpass its previous major gains.

Analysts interpreted the current 567-day correction as a signal that the Solana bear market cycle may have matured, but stressed that confirmation also requires clear evidence of buyer momentum recovery at higher prices. If prices fall below the area marked as a bottom in 2026, it could negate this bullish view and delay any significant recovery, while if prices strengthen again above resistance, it would support the bottom-out theory of the cycle.

Key resistance levels determined by short-term analysis

Another daily chart provided by analysts focuses on Solana's short-term prospects. The analyst highlighted Solana's downtrend line since its July peak, which continues to limit upside. As SOL stabilizes around $73.35, market attention turns to whether buyers can break through that trend line, potentially reversing months of bearish structure.

The analyst identified $82.25 as the first major resistance level. If Solana rebounds above that level, it will indicate that the currency is emerging from its lower-high pattern. The chart shows that the $82.25 area overlaps with the July rebound high and is a key point for the momentum shift on the daily framework.

Other targets listed in the chart include $98.40,$114.55 and $130.70, which mark checkpoints for possible further gains if buyers maintain control. Analysts 'scenarios depict some consolidation near these resistance levels, especially around $98.40 and $114.55, before attempting to test $130.70.

In terms of support levels,$66.10 was identified as the key threshold. If prices continue to fall below the region, it will weaken confidence in a bullish breakout scenario and may lead to new downside risks. Conversely, if the price remains above $66.10, coupled with a breakout of the trend line, it will provide greater credibility for bullish movements.

To sum up, the $82.25 resistance level is the first major obstacle facing Solana bulls; breaking through this level will open up upside to $98.40,$114.55 and $130.70, and staying above $66.10 is key to maintaining a short-term positive view.

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