Solana(SOL) price is approaching a critical inflection point as multiple timeframes converge around major support. Recent charts highlight reactions near the $110–$120 zone, long-term trendline support, and range lows. Whether buyers defend this zone may determine if SOL stabilizes toward higher levels or extends its corrective phase toward deeper liquidity zones.
According to analyst Crypto Tony, Solana price is trading near the lower boundary of a well-defined horizontal range following a steep corrective move. The decline from the range high brought price back into a historical demand zone, where buyers had previously stepped in to limit the downside. Recent candles display long lower wicks, indicating early defensive buying interest near support levels.
Structurally, the market remains range-bound rather than trending. The earlier failure to print higher highs confirmed that bullish momentum weakened before the pullback. However, the current position near range lows places SOL at a technically sensitive level, where reactions often shape the next directional move.
Tony highlighted the potential for a reactive bounce if this support holds. A successful defense could drive price back toward the range midpoint and upper resistance. Conversely, a clean breakdown would shift the structure into bearish continuation, exposing lower levels and increasing downside risk.
Meanwhile, according to analyst Ali, the 3-day timeframe shows Solana price approaching a long-term ascending trendline that has guided market structure since early accumulation phases. This trendline has been tested multiple times across cycles and has consistently acted as a launch point for strong upside expansions.
Previous interactions with this rising support produced impulsive rallies, including the move toward the $260 region. The current slowdown in downside momentum as price converges with the trendline suggests selling pressure may be fading. This confluence raises the probability of a medium-term reaction if historical behavior repeats.
Not looking good, bruv… $SOL pic.twitter.com/Zkr7Azb4oQ
— Ali Charts (@alicharts) January 26, 2026
From a structural perspective, as long as Solana price holds above this trendline, the broader bullish framework remains intact. A sustained bounce could reintroduce upside momentum over time. However, a decisive break below would signal a structural shift and invalidate the long-term bullish thesis.
Furthermore, according to Crypto Patel, the weekly macro chart highlights the $110–$120 zone as a decisive support and resistance zone. This zone previously acted as resistance before flipping into support, with multiple reactions confirming high trading interest. The current consolidation around this zone underscores its importance.
Above the current price, a broad resistance band marks where prior rallies stalled. These repeated rejections explain why upward momentum faded near cycle highs. Below price, the analyst identified a major accumulation zone between $70 and $50, where long-term buyers historically absorbed heavy sell pressure.
The framework presents a clear structural divide. If Solana price holds above $110 and reclaims overhead resistance, the path toward higher levels remains viable. However, a confirmed breakdown would likely open a deeper correction toward the $70–$50 accumulation range, making this level a pivotal battleground for market direction.
The post Solana Price Decision Looms: Hold $110 for ATHs or Risk $70 Drop appeared first on CoinCentral.
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