\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tAccording to Michael van de Poppe, a breakout above $76 could trigger a rally to as high as $120.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Solana\u2019s native token has been bleeding heavily over the past few months, mirroring the broader cryptocurrency market\u2019s weakness.<\/p>\n
Some analysts believe a resurgence remains a plausible option as long as the price stays above certain critical levels.<\/p>\n
SOL currently trades at approximately $73.70 (per CoinGecko) after slipping by 8% over the last 30 days. This is more or less exactly the level Ali Martinez recently described<\/a> as a \u201cmake-or-break\u201d moment. He argued that more than 50 million tokens were purchased around that zone, making it the most critical support on the map. The analyst claimed that a sustained close below could open the door to a plunge to $60 and even $50.<\/p>\n Most of the latest predictions, though, have been much more optimistic. Michael van de Poppe said<\/a> \u201cit would be great\u201d to see a breakthrough of $76, saying such an uptrend could trigger a stronger rally to $120.<\/p>\n X user BATMAN also gave their two cents, suggesting<\/a> that SOL\u2019s valuation has neared a bullish trendline that has supported past major bottoms.<\/p>\n For their part, Pepesso claimed<\/a> that the asset has one of \u201cthe cleanest setups in crypto right now.\u201d They noted the brutal correction over the past months, adding that $45-$60 is the zone that \u201cmatters.\u201d<\/p>\n \u201cWe are still well above it, but that\u2019s the zone I\u2019m watching if we retrace back in there. As long as $45 holds on any retest, this stays a clean accumulation setup,\u201d the analyst said.<\/p>\n<\/blockquote>\n The X user opined that a reclaim of $100 could act as the first real confirmation, and from there, $150-$200 becomes the next range worth attention. On the other hand, a breakout under $45 would invalidate the bullish scenario.<\/p>\n There are some signals that can serve as a bearish counterpoint to the aforementioned optimists. According<\/a> to Ali Martinez, the number of addresses holding at least 0.1 SOL has declined by 5% over the past two weeks.<\/p>\n Specifically, addresses meeting that threshold have fallen from 11.84 million to 11.26 million, with the analyst outlining that this indicates a slowdown in participation among holders that could add further pressure to the price during the already fragile market conditions.<\/p>\n Small players reducing exposure to SOL is not necessarily a bearish factor and, in fact, combined with whale accumulation, is usually interpreted as a bullish signal. However, recent data does not show any meaningful interest from large holders at this stage.<\/p>\n\n
You may also like:<\/h3>\n
The Concerning Factor<\/h2>\n