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Recently, many people have been discussing whether Solana's recent drop means it's game over. Is it a rebound or truly finished?
Let's not rush to conclusions. Just take a look at the chart structure, and it will be clear. Solana has always followed this pattern: when it surges aggressively, it hits a resistance level and stalls, then pulls back to previous support zones to consolidate. After enough accumulation, it moves upward again.
Previously, it got stuck around the 240-260 resistance zone. The subsequent correction was quite straightforward, but that doesn't mean the overall pattern is broken. In fact, it stabilized in the 120-140 demand zone, which has been tested multiple times, with buyers stepping in each time. From recent market activity, selling pressure is gradually diminishing, not a panic-driven sell-off.
So, the current situation is quite clear—it's not a trend collapse, just a recharging of strength. This phase is the easiest for retail investors' patience to wear thin, while experienced funds are quietly accumulating.
As long as Solana holds the 100-120 level, the bullish outlook remains intact. Once trading volume picks up, the target is clear: first stabilize around 180-200, then push back to the previous high of 240-260. If it can break through strongly, the space beyond 300+ naturally opens up.
This level is neither a dead end for chasing highs nor a place to cut losses. It's a window for observation, patience, and preparation. Solana never moves in a straight line; it always advances two steps and pulls back one. Often, it makes a sudden move when everyone is hesitating.
Patience is crucial—more important than any short-term fluctuations.