Is the (SOL) Mini-Rally in Solana or is More to Come? Here is the Latest Status Analysis

Crypto currency analysis company MakroVision assessed the current market outlook for Solana.

In the analysis, it was noted that Solana has received a strong reaction from the 0.618 Fibonacci support at the $118 level, while it was stated that critical resistance levels need to be surpassed for the upward movement to continue.

According to analysts, the current situation is as follows:

• The reaction coming from the "Altın Cep" region (117–118 dollars) has given Solana short-term upward momentum.
• However, it requires an increase of approximately 10% to reach the first major resistance level of $159.

MakroVision lists the critical areas ahead of Solana as follows:

• $159 level: Breaking past this point could open up space for the price to rise to the $188 level.
• The 188 dollar level is seen as the last major barrier before a possible structural change.
• As long as the 117 dollar level is maintained, the technical structure may continue to remain positive in the short term. Breaking this level could open the door to a new wave of decline towards the 104 dollar level.

According to MakroVision's assessment, Solana is showing strong recovery signals, but it is essential to maintain stability above the $159 level for a definitive trend reversal. For now, the movement is considered a technical bounce, but it is noted that the momentum is increasingly growing.