{"id":21238,"date":"2025-04-09T10:00:43","date_gmt":"2025-04-09T10:00:43","guid":{"rendered":"https:\/\/cryptd.in\/solana-sol-needs-15-bounce-after-multi-year-support-retest-recovery-ahead\/"},"modified":"2025-04-09T10:00:43","modified_gmt":"2025-04-09T10:00:43","slug":"solana-sol-needs-15-bounce-after-multi-year-support-retest-recovery-ahead","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ko\/solana-sol-needs-15-bounce-after-multi-year-support-retest-recovery-ahead\/","title":{"rendered":"Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead?"},"content":{"rendered":"<p>Amid the market correction, Solana (SOL) has reclaimed the $100 mark after dropping below this crucial support for the first time in over a year. However, some analysts consider a 15% bounce toward a key historical support is necessary to target higher levels.<\/p>\n<h2>Is Solana Bull Run Over?<\/h2>\n<p>Solana hit a 14-month low on Monday after falling 20% in 24 hours, momentarily <a href=\"https:\/\/www.newsbtc.com\/news\/solana\/solana-drops-below-100-for-first-time-in-a-year-is-an-80-correction-underway\/\" target=\"_blank\" rel=\"noopener \">trading<\/a> around the $95 mark for the first time since February 2024. After the correction, SOL bounced around 18% to $112 before retracing toward the $100-$110 price range.<\/p>\n<p>Fueled by the market\u2019s memecoin frenzy, the altcoin was one of the leading cryptocurrencies last year, hitting an all-time high (ATH) of $270 on January 19. Since then, the cryptocurrency has dropped over 63% from the start-of-year highs.<\/p>\n<p>During the Q1 retraces, Solana <a href=\"https:\/\/www.newsbtc.com\/news\/is-solana-preparing-for-rally-to-180-sols-social-sentiment-hits-historic-positive-levels\/\" target=\"_blank\" rel=\"noopener \">retested<\/a> the $120 support zone several times, bouncing from the range, which served as a crucial level during the 2021 and 2024 rallies.<\/p>\n<p>However, several analysts pointed out that the support weakened with each retest, and losing that level could see Solana fall under the $100 mark and risk a 50% drop to the $60 support zone.<\/p>\n<p>After dropping below the key barrier, trader Crypto Bullet <a href=\"https:\/\/x.com\/CryptoBullet1\/status\/1909633117016535245\" target=\"_blank\" rel=\"noopener nofollow\">highlighted<\/a> that SOL\u2019s recent price action broke below August 5 lows, which signals that the cryptocurrency\u2019s bull market could be over.<\/p>\n<p>According to the trader, Solana had a \u201cclear 5-wave impulse to the upside that ended in January with TRUMP coin blow-off top,\u201d which suggests a corrective a, b, c zigzag will follow. Based on this, the trader expects \u201ca good mid-term bounce to ~$200 (Lower High)\u201d for wave b and a drop to the $30-$40 price range for wave c.<\/p>\n<h2>SOL Needs 15% Jump<\/h2>\n<p>Analyst Ted Pillows considers that Solana could see a massive rally after the correction. He explained that SOL bounced from its multi-year ascending support trendline, a key rebound point in Q3 2023.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-728079\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/GoBct3pWkAAIeFH.jpeg?w=858&amp;resize=858%2C860\" alt=\"solana\" width=\"858\" height=\"860\" loading=\"lazy\" \/><\/p>\n<p>The last time Solana retested this trendline, it rallied 1,000% toward the $270 mark. If the cryptocurrency holds this level, the analyst considers that SOL could bounce to its ATH in the coming months.<\/p>\n<p>Meanwhile, several analysts noted that recovering the $120 support zone is crucial after the recent price action, as this level could <a href=\"https:\/\/www.newsbtc.com\/news\/solana-sol-retests-crucial-support-level-is-a-50-price-drop-on-the-horizon\/\" target=\"_blank\" rel=\"noopener \">determine<\/a> the altcoin\u2019s next move again.<\/p>\n<p>Sjuul from AltCryptoGems <a href=\"https:\/\/x.com\/AltCryptoGems\/status\/1909561874171281451\" target=\"_blank\" rel=\"noopener nofollow\">highlighted<\/a> that SOL needs to \u201cgive a clear bounce and reclaim the $120 level\u201d now that \u201cliquidity is taken.\u201d He asserted that failing to recover this key range would suggest that another drop could be ahead.<\/p>\n<p>Similarly, Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1909613451326242991\" target=\"_blank\" rel=\"noopener nofollow\">pointed<\/a> out that Solana\u2019s TD Sequential flashes a buy signal on the weekly chart. Per the post, SOL \u201cneeds to stay above $95 and break $121 to set the stage for a rally toward $147.\u201d<\/p>\n<p>As of this writing, Solana trades at $105, a 1% decline in the daily timeframe.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-728078\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/SOLUSDT_2025-04-08_12-39-03.png?w=860&amp;resize=860%2C468\" alt=\"Solana, sol, solusdt\" width=\"860\" height=\"468\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Amid the market correction, Solana (SOL) has reclaimed the $100 mark after dropping below this crucial support for the first time in over a year. However, some analysts consider a 15% bounce toward a key historical support is necessary to target higher levels. Is Solana Bull Run Over? Solana hit a 14-month low on Monday [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ko\/solana-sol-needs-15-bounce-after-multi-year-support-retest-recovery-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Amid the market correction, Solana (SOL) has reclaimed the $100 mark after dropping below this crucial support for the first time in over a year. 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