{"id":8879,"date":"2025-12-20T05:11:03","date_gmt":"2025-12-20T05:11:03","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/analyst-says-solana-price-could-rally-to-190-soon-but-theres-a-catch\/"},"modified":"2025-12-20T05:11:03","modified_gmt":"2025-12-20T05:11:03","slug":"analyst-says-solana-price-could-rally-to-190-soon-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/analyst-says-solana-price-could-rally-to-190-soon-but-theres-a-catch\/","title":{"rendered":"Analyst Says Solana Price Could Rally To $190 Soon \u2013 But There\u2019s A Catch"},"content":{"rendered":"

After reaching a new multi-month low, Solana (SOL) is attempting to hold a key high-timeframe level as support ahead of week\u2019s end. Some analysts have suggested that the altcoin is poised to bounce, but others warned that a potential rally could be short-lived.<\/p>\n

Solana To Tag Higher Levels Soon<\/h2>\n

On Friday, Solana recovered from the latest drop and surged 7.7% toward the $125 area. The cryptocurrency fell nearly 9% on Thursday afternoon amid a broader market correction, sending its price to an eight-month low of $116.<\/p>\n

Amid the pullback, SOL\u2019s price breached below a crucial high timeframe level, the around $120 mark, for the first time since April before recovering. Analyst Crypto Batman noted<\/a> the altcoin \u201cis not only at its major support level, the same one that has held price for the past 2 years.\u201d<\/p>\n

In addition, the cryptocurrency is also forming a bullish divergence on the 3-day timeframe, \u201cexactly like what we saw before the major bottom\u201d at the start of Q2, the market observer added.<\/p>\n

To him, this suggests that Solana could bottom soon and see the start of a recovery rally to the macro range highs. However, another market observer affirmed that even if a retest of the higher levels is likely, \u201ccontext matters here.\u201d<\/p>\n

Analyst Crypto Scient highlighted that SOL\u2019s price is currently at the range lows of its multi-year range, recording the first retest of this area after being rejected from the range highs.<\/p>\n

\"solana\"<\/p>\n

\u201cOne could argue SOL has been distributive for nearly two years now. That\u2019s fair,\u201d he explained, \u201c[but] range lows rarely break on the first attempt.\u201d Moreover, Scient pointed out that there\u2019s significant liquidity left between the $175\u2013$190 levels that \u201cshould get tagged at some point, even within a broader bearish environment.\u201d<\/p>\n

As a result, the analyst considers that a \u201cmove higher to clean liquidity before any deeper downside would make far more sense.\u201d<\/p>\n

December Close To Define SOL\u2019s Fate?<\/h2>\n

Analyst Rekt Capital affirmed<\/a> that the $123 horizontal support remains the \u201cdefining level\u201d that Solana must hold to prevent a major breakdown to multi-year lows.<\/p>\n

He detailed rebounds from this support have historically produced \u201coutsized upside expansions,\u201d with 140% and 100% moves. However, each rebound from this level has been progressively weaker over time, with the most recent bounce only managing to rally 15%.<\/p>\n

This signals a \u201csharp deceleration in upside responsiveness at this level,\u201d which is important to consider as the compression in rebound magnitude could affect SOL\u2019s monthly close.<\/p>\n

According to the analysis, a monthly close above the macro support would keep Solana positioned for a weaker rally, but a close below $123 would substantially change the structure.<\/p>\n

The second case would suggest that distribution has already started and confirm \u201chow much this support has weakened since the last meaningful rebound that produced a near 2x move earlier this year.\u201d<\/p>\n

Moreover, it would begin to mirror SOL\u2019s performance in early 2022, when a similar price action preceded \u201cmacro relief moves during the opening phase of the Bear Market, including the decisive breakdown that occurred at the turn of that year.\u201d<\/p>\n

Ultimately, the analyst warned that it remains to be seen whether the altcoin can close December above this crucial level and rebound, or if a breakdown \u201caccelerates distribution sooner rather than later.\u201d<\/p>\n

As of this writing, Solana is trading at $126, a 3.4% decline in the weekly timeframe.<\/p>\n

\"Solana,<\/p>\n","protected":false},"excerpt":{"rendered":"

After reaching a new multi-month low, Solana (SOL) is attempting to hold a key high-timeframe level as support ahead of week\u2019s end. Some analysts have suggested that the altcoin is poised to bounce, but others warned that a potential rally could be short-lived. Solana To Tag Higher Levels Soon On Friday, Solana recovered from the…<\/p>\n","protected":false},"author":1,"featured_media":8880,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[114,1088,833,608,267,72,174,4241,121,1622,901,128,129],"class_list":["post-8879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market-correction","tag-crypto-market-recovery","tag-crypto-trader","tag-cryptocurrency-market-news","tag-sol","tag-sol-ath","tag-solana","tag-solana-breakdown","tag-solana-correction","tag-solana-price","tag-solusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=8879"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8880"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}