Solana flashes a 15 percent recovery signal! What do investors need to watch?

A critical threshold in the short term outlook

The latest market analyses indicate that Solana has entered a pivotal phase. Analysts are watching closely to see whether the price will confirm its bottom and kick off a fresh upward move from here.

According to insights shared by Ali Martinez, Solana’s three day chart has produced a new TD Sequential buy signal. This setup suggests that, following the recent decline, selling pressure on Solana may be easing.

If this signal is confirmed, Ali Martinez’s analysis indicates Solana could rise from its current level near 66.58 dollars to its notable resistance at 77 dollars, implying a roughly 15 percent upside in the short term.

On the chart, the asset has posted a TD 9 buy signal after a series of consecutive red candles. Solana is holding above 60 dollars, with the first major resistance at around 72 dollars and the next target zone at 77 dollars.

Mini glossary: TD Sequential is a technical analysis indicator used to spot moments when a trend may be weakening and a potential reversal is possible. When a buy setup completes, it signals that the downward momentum could be fading, but further price confirmation is needed to validate the move.

Long term scenario points to 430 to 780 dollars

A separate analysis by More Crypto Online presents a longer term scenario based on Elliott Wave theory and Fibonacci extension levels. This study estimates Solana’s primary bull market target range to be between 430 and 780 dollars.

The analysis suggests Solana may be progressing within a larger wave structure after a prolonged correction phase, setting a lower boundary around 431 dollars and an upper boundary close to 785 dollars.

More Crypto Online stresses that these targets are still preliminary, since the final low point of the current corrective wave is yet to be confirmed. As a result, the 430 to 780 dollar range should be seen as a working range rather than a definitive price forecast.

The analysis also points out that various downward scenarios are still in play before any decisive upward breakout. Key support levels are found between 49 and 32 dollars, with a more complex correction potentially driving prices as low as 17.50 dollars.

Analysts state that if Solana completes its current correction and launches a new impulsive wave upward, it could unlock significant upside potential. However, for both the short term buy signal and longer term wave structure to gain credibility, the price must hold above support zones and confirm with successive moves.