Solana Sits on a Make-or-Break Trendline That Has Held for Years

Source: ETHNews Original Title: Solana Sits on a Make-or-Break Trendline That Has Held for Years Original Link: https://www.ethnews.com/solana-sits-on-a-make-or-break-trendline-that-has-held-for-years/ Solana is once again approaching a crucial technical level, with the asset retesting a multi-year ascending support trendline that has consistently held since early 2023.

The latest analysis highlights how SOL is sitting directly on this long-term diagonal base, a zone that has historically marked major reversal points for the asset.

A Key Multi-Year Trendline Comes Back Into Play

The chart shows Solana’s price compressing into a narrow zone directly above its multi-year trendline. This support has acted as the backbone of Solana’s broader bullish structure, catching major pullbacks throughout 2023 and 2024.

Each time SOL interacted with this trendline in the past, the market responded with a strong upside continuation, reinforcing the level’s importance.

The most recent price action suggests Solana is testing this same structural line once again, creating a high-risk, high-reward region where buyers have historically stepped in.

Short-Term Price Action Shows Ongoing Consolidation

The 2-hour chart reflects a tightly compressed range, with SOL trading around $132-$133 and showing minimal volatility compared to the sharp swings earlier in the week. After a series of lower highs and a controlled drift downward, the market appears to be stabilizing above intermediate support near $131.

Trading volume remains modest, indicating that market participants are waiting for confirmation, either a trendline bounce or a breakdown.

The horizontal level around $124, visible from previous reactions, stands out as the next key support if Solana fails to hold current levels.

What Comes Next for Solana?

SOL now sits at a critical inflection point. Holding the multi-year trendline could signal the beginning of a larger recovery, similar to previous rebounds that initiated broader rallies. A breakdown, however, would be the first major invalidation of this long-term structure since 2023, potentially opening the door to deeper retracements.

For the moment, the chart structure remains intact, but the price is now close enough to this foundational trendline that the next move could define Solana’s market direction heading into early 2026.