- Solana trades in a crucial zone, with analysts predicting a possible dip to $105 before a sharp rebound.
- Batman sees a potential bear trap, forecasting a V-shaped recovery toward $260 if $105 holds.
- Whale accumulation below $140 and a W-pattern setup suggest a breakout toward $200–$260 if momentum shifts.
Solana’s price has been trending lower after reaching recent highs near $168. As the broader crypto market cools, traders are debating whether Solana is facing further downside or preparing for a strong rebound.
Solana is currently in a critical technical decision-making area. According to analyst Batman, the setup is a classic bear trap. He predicts a temporary drop to $105 with a sudden about-turn. Confirmation of a trap for Solana can signify a fast V-shaped reversal to $260.
Source: Batman, X
The $105 support corresponds to significant long-term pivot levels and demand zones. This region of the price was previously the trigger for major rallies during 2024. In the short term, a support zone between $135 and $140 is currently working as a buffer zone. Nevertheless, the overall sentiment remains poor due to continuous pressure from sellers.
Solana Faces ABC Correction as Whales Buy Below $140
Not all analysts share Batman’s bullish view. Analyst “Man of Bitcoin” points to an ongoing corrective ABC pattern confirmed by Fibonacci levels. He highlights support at the 0.618 level near $122.77 and deeper support at the 0.786 level around $109.84.
Source: X
For this correction to hold, Solana must remain below its recent swing high at $147. A break below $130 on heavy volume could confirm the final C-leg down, pushing the price closer to the $105 zone. The bearish momentum is supported by a weak MACD, which shows no bullish divergence on higher time frames.
Momentum indicators are flashing mixed signals. The daily RSI hovers around 35, suggesting the asset is nearing oversold territory. On shorter timeframes, the 6-hour stochastic RSI is starting to turn up, hinting at potential buyer re-entry.
Volatility remains compressed, as Bollinger Bands continue to squeeze tightly. This narrowing range suggests a breakout could happen soon. Should Solana break higher, the $156 to $260 range may quickly come into focus.
Meanwhile, blockchain data shows whales actively accumulating below $140, staking long-term positions. While retail traders remain cautious, large holders seem positioned for a possible breakout. Open interest remains flat, but a surge could quickly shift momentum.
Solana Eyes W-Pattern Breakout Toward $200
Another bullish perspective comes from analyst BitGuru, who is tracking a potential W-pattern. His chart shows a double-bottom formation, with a breakout above $168.49 followed by a successful neckline retest.
If Solana holds above $139.55, BitGuru expects a move toward $156. This target aligns with the 0.382 Fibonacci retracement level. On the 4-hour chart, Bollinger Band compression supports this bullish setup, with price consolidating around the neckline.
Source: X
If buying momentum returns from current levels, Solana may invalidate the bearish structure. This opens the path to $200 and possibly $260 over time. However, a breakdown below $139.55 could confirm the bear trap scenario, leading to a deeper flush toward $105.
A decisive reclaim above $150, however, would strengthen bullish momentum and potentially spark a breakout beyond $156.
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