Is It Time to Buy Solana (SOL)?

Solana (SOL) continues to show encouraging short-term strength, with price forming a sequence of higher highs and higher lows. This improving structure suggests that buyers remain active, while a newly established daily support zone could play an important role in determining whether the current recovery has room to continue.

Solana (SOL) technical analysis

SOLUSD - 1 Day Time Frame

SOL is currently forming an internal bullish structure, defined by a sequence of higher highs and higher lows. These levels are highlighted on the attached chart with blue horizontal lines and reflect an improvement in short-term price action.

In addition to this bullish structure, SOL has established an important daily support zone between $74 and $76. This area now represents the main structural base of the current setup, as buyers have previously stepped in around these levels and helped support the recent upward move. As long as SOL continues to respect this support zone, the internal bullish structure could remain intact and the short-term outlook may continue to favor further upside.

Based on the current setup, a long position could be considered while the support structure remains valid. From a risk-management perspective, a protective Stop Loss could be placed around $72, below the support zone. A move below this level may weaken the bullish setup and suggest that the current sequence of higher highs and higher lows is beginning to break down.

Solana (SOL) price target

If bullish momentum continues, the nearest Buy-Side Liquidity targets are located around $84, $88, and $98. These levels represent potential upside objectives, as price could continue seeking liquidity resting above previous highs while the bullish internal structure remains intact. The first area around $84 could provide an initial test of buyer strength. If SOL manages to move through this level, attention could shift toward $88, followed by the more significant $98 area.

For now, SOL maintains a constructive technical picture. The combination of higher highs, higher lows, and the daily support zone between $74 and $76 supports the bullish scenario. As long as this area remains intact and the risk level near $72 holds, the focus could remain on a potential continuation toward the Buy-Side Liquidity zones at $84, $88, and $98.

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