Two analysts' Solana charts reveal the same issue: short-term weakness remains, and the overall structure shows diminishing momentum. Although Solana is attempting to stabilize, the current chart does not display any clear bullish signals. Both analysts' setups indicate that any rebound will require strong confirmation to improve the current trend.
According to an hourly chart shared by More Crypto Online, Solana remains under pressure, with prices hovering around $78.91, experiencing another decline. The chart and accompanying analysis suggest that further downside is still possible in the short term, and analysts state that the next rebound will determine whether the market structure begins to improve or continues to remain weak.
Currently, the main focus in the short term is on the next rebound attempt. According to the chart, the first significant resistance range is between $82.22 and $85.94. This range includes several Fibonacci levels at 23.6%, 38.2%, and 50.0%. Therefore, any rebound within this area may face selling pressure, especially if buyers fail to regain control.
Meanwhile, the chart shows Solana's trading price is close to the support area below $77.91. If this support is breached, the next support levels are around $75.37 and $71.91. The broader shadow support area on the chart extends downward, indicating that analysts still believe the price could test deeper support levels.
The wave labels on the chart also indicate that the market structure is not yet complete. Analysts are closely watching whether the next rebound will form a corrective move or a strong impulsive move. In simple terms, a corrective rebound may only signify a temporary relief, followed by another potential decline. A strong recovery, on the other hand, could indicate that sellers are losing control and the market structure is beginning to shift.
However, the current chart does not show such a shift. Instead, it indicates that the market continues to decline after experiencing multiple failed rebounds. Therefore, the future reaction near the resistance zone of $82.22 to $85.94 may become a critical test for Solana's short-term direction. Until then, the market outlook remains cautious, with downward pressure still dominating the structure shown on the chart.
James Easton's 14-day Solana chart illustrates that the market has entered a gradually narrowing downward channel after a prolonged period of rising. This setup suggests that the market is consolidating, but the slope of the range still points downward. The price action within the purple band shows a series of lower highs and lower lows, typically reflecting weakening strength rather than new breakout attempts.
Here, the structure is more important than any single candlestick. Solana experienced a significant rise in the early stages of the chart, then transitioned into a wide-ranging sideways to downward pattern. Since the peak from late 2024 to early 2025, the chart has stopped rising and has begun to fluctuate within a manageable downward trend.