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>>Solana price outlook: Optimists target $88, while skeptics anticipate a drop to $73

Solana price outlook: Optimists target $88, while skeptics anticipate a drop to $73

crypthub

about 15 hours ago

Bullish Breakout Above $83.70

Solana has bounced to around $84.7, reclaiming the former resistance at $83.70. Analysts see this level as decisive: holding it could keep the recovery intact. A confirmed stay above $83.70 would open a near‑term target near $88, the next visible resistance. A slip back would invalidate the breakout and may trigger a false reversal.

Falling Wedge Reversal Outlook

A falling wedge has formed after a bearish rising‑wedge breakdown, suggesting a potential bullish reversal. The pattern hinges on the red support box around $83.70 staying intact. If buyers defend this zone, price could rally toward the upper wedge boundary. Failure of the box would likely send SOL down toward $73.68.

Critical Support and Downside Targets

The $83.70 area acts as both support for the bullish scenario and the key floor for the wedge structure. Below the support box, the next major downside level is $73.68, followed by broader trend support near $61.78. Traders will watch price action around $83.70 to decide whether the market heads higher or resumes a lower leg.