Will Solana hold above 130 dollars?

In today's trading session, the price of Solana (SOL) continues to record strong fluctuations, ranging between 135 USD and 143 USD. On the X platform, analysts have assessed whether the long-term trend line, starting from 2020, will continue to play a guiding role for SOL during the market's deep corrections.

Long-term trend support zone: Foundation for Solana price

The price of Solana is currently approaching the growth support line, connecting the progressively higher lows since 2020. This line has repeatedly served as a solid “buffer” during strong corrections, while attracting buying pressure when prices drop significantly. The formation of consecutive higher lows indicates investors' confidence in the long-term outlook for SOL.

In previous cycles, each time the price touched this support line, Solana often bounced back strongly, setting the stage for new upward movements. However, currently, SOL is under pressure from the resistance area above – a place that has repeatedly hindered recoveries in the past. The continuous appearance of selling pressure in this area causes the price to frequently be pushed back to the long-term support zone.

Experts believe that the current market structure still carries a strong upward trend, as evidenced by the series of higher lows on the price chart. In particular, Solana's reaction every time it approaches the crossover support area highlights the importance of this zone for investor sentiment.

Solana price target: Depends on the reaction at the support zone

According to observers, the critical price currently lies at the intersection of the trend support line and the horizontal demand zone. This is seen as the “deciding zone” for the next direction of SOL.

An expert on X has shared a chart tracking this structure over multiple cycles, suggesting that if buying pressure continues to successfully defend the growth support line, Solana could very well aim for the resistance zone of 300 USD–400 USD. This price range was previously the peak of earlier rallies and is where many investors take profits.

On the contrary, another expert noted that SOL is currently moving within a broad support zone, fluctuating around the low of 130 USD. He linked the recent sell-off to the “Head and Shoulders” pattern that appeared after a strong rally, suggesting that this is a signal indicating that buying pressure has weakened. However, he still assesses the current correction as a normal market development, not a sign of collapse.

A positive scenario will unfold if Solana maintains this support zone on the closing timeframes, potentially returning to higher price levels. The confluence between the upward trend line and the horizontal zone on the chart further strengthens the view that this is a critical area to consider risk and reward.

Factors Determining the Next Direction of Solana

From this point on, the direction of SOL will depend on how the market reacts to the current support zone test. A strong bounce from the uptrend line will maintain the pattern of higher lows, thereby preserving the growth structure. Conversely, if selling pressure is strong enough to push the price below the support line with high volume, the technical structure will change.

This trend line has played an important role since 2020, becoming a “barrier” during previous corrections. If breached, investors will focus on monitoring the depth of the decline and the emergence of new buying pressure.

Currently, experts are continuously monitoring the daily charts to search for clear confirmation signals. They are paying attention to whether Solana can maintain respect for the growth support line, while also assessing the sustainability of the resistance area near previous highs, as well as the strength of buying power when prices drop.

In addition, investors need to observe the reactions of support and resistance zones in response to general market fluctuations, comparing them with the movements of major coins such as BTC and ETH. These inter-market movements sometimes affect the flow of money into SOL during periods of stress or euphoria.

Until the chart confirms a clear trend, technical reference points remain crucial. The long-term trend line, which has guided Solana's growth since 2020, along with the resistance zone above, serves as an important technical “map” for the next journey of this cryptocurrency.

Mr. Giáo