From an investment perspective, market entry—i.e., purchasing—is typically based on internal fundamental parameters of a given cryptocurrency or any other underlying asset. With a long-term time horizon, this approach may improve the probability of a successful outcome.

However, those probabilities can be further enhanced by waiting for the price to establish a more optimal entry setup from a technical perspective. Whether the goal is long-term investment or short-term trading, it may be worth monitoring Solana for confirmation of its broader bullish context before entering.

Solana technical analysis

SOLUSD - 1 Day Time Frame

One obstacle to the continued upward movement for Solana can be the current resistance zone on the daily timeframe, which is highlighted in orange on the attached chart.

By the time of writing, price action had already fulfilled several key components of a potential entry setup. Specifically, there was an initial sweep of Sell-Side Liquidity, followed by a strong impulsive move to the upside—during which two notable support zones were formed.

Once more strongly confirmed, these support zones may serve as structural anchors for a bullish continuation scenario. The final condition for confirmation is a daily close above the orange resistance zone.

Solana price target

If the price closes above this resistance zone on the daily chart, the setup for potential long positions could be considered technically appropriate. At that point, it may be prudent to identify a predetermined level for placing a protective Stop Loss.

Based on current structure, a logical reference point could be positioned below the internal higher low, as shown in the attached chart.

Profit-taking can be approached incrementally as the price reaches Buy-Side Liquidity zones, depending on the individual’s preferred time horizon and overall risk framework.