SOL has increased 5.02 % in the past 24 hours. Solana was able to see sustainable recovery after $ 200.
SOLANA (SOL) fell to a minimum of $ 179, at least $ 179, and then recovered moderately to reach $ 220. But since then, Altcoin has followed. In fact, at the time of this writing, Solana was trading for $ 206.
This increased daily charts by 5.02 %. Before these benefits, SOL lowered the downward trajectory by 14.12 % on a weekly chart.
With recent recovery, Altcoin has left what analysts are talking about the possibility of sustainable recovery. InAsmuch suggests a potential recovery that quotes Fibonaccci Wave 3, a popular Crypto analyst.
The emotions of the market are suggested …
In his analysis, Manofbitcoin observed that Solana prices are working on Wave-3.
Source: X
Wave 3 is usually the most powerful, and often reaches 1.618 times or 2.618 times the length of the waves.
Therefore, if this uptrend is retained, SOL’s real target is $ 225. However, if Altcoin is not retained and the momentum is lost, Wave Three may fall back from expectations.
Can Solana see sustainable recovery?
The above analysis provides a promising outlook, but it is essential to compete with other market indicators and determine what they propose.
According to Ambcrypto’s analysis, Solana had gained short -term upward momentum.
Source: Coinalyze
For example, the Solana futures base remain positive about Binance and Kraken. If this remains plus, it means that the futures contract is traded at the spot price and premium.
This reflects the emotions of the bullish market with traders who are expecting the price to rise, so we pay to maintain the position.
Source: Coinalyze
This bully has been further confirmed because the strength holders dominate the market.
Coinalyze data indicates that the advantages account for 76.42 % of the day frame. When more traders are progressing longer, that means they expect the price to recover.
Source: Coinglass
The outflow has exceeded the inflow, indicating that investors have withdrawn more than deposits.
The negative spot Netflow suggests that traders are storing them in their private wallets, waiting for conditions that are suitable for entering the market again.
Read SOLANA’s (SOL) price forecast 2025 –2026
Solana has decreased in the past week, but it is not a isolated case because the wider cryptographic market has also experienced DIP.
If the market was optimistic, I was able to play SOL RECLAIM for $ 219 and try to break out $ 223.
Altcoin needs to exceed $ 200 to maintain this bullish outlook. Conversely, the potential correction can make SOL below $ 200.