Solana Market Outlook by MakroVision

Cryptocurrency analytics firm MakroVision has assessed Solana’s current market outlook.

In the analysis, it was stated that Solana received a strong reaction from the 0.618 Fibonacci support at the $118 level, and that critical resistance levels must be overcome in order for the upward movement to continue.

Current Market Situation

According to analysts:

• The reaction from the “Gold Pocket” region ($117–118) gave Solana short-term bullish momentum.
• However, it would take about 10% to reach the first major resistance at $159.

Critical Areas Ahead for Solana

MakroVision lists the following critical areas for Solana:

• $159 level: Breaking this point could open up space for a rally towards the $188 level.
• $188 level: Seen as the last major hurdle before a potential structure change.
• If the $117 level is maintained, the technical structure remains positive short-term. A break below this may lead to a decline towards $104.

Solana is showing signs of a strong recovery, but a definitive trend reversal requires a breakout above $159. For now, the move is considered a technical bounce, with momentum gradually increasing.

> This is not investment advice.