{"id":169562,"date":"2026-05-23T02:00:46","date_gmt":"2026-05-23T02:00:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=169562"},"modified":"2026-05-23T02:00:46","modified_gmt":"2026-05-23T02:00:46","slug":"solana-price-structure-suggests-temporary-recovery-before-next-major-decision","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=169562","title":{"rendered":"Solana Price Structure Suggests Temporary Recovery Before Next Major Decision"},"content":{"rendered":"

Solana continues to trade within a cautious consolidation phase, with price action suggesting that a temporary recovery<\/a> may develop before the market makes its next major directional move. While short-term momentum has started to stabilize, SOL still faces key resistance barriers that could determine whether the current bounce evolves into a stronger breakout or fades into another corrective wave.\u00a0<\/p>\n

Solana Corrective Recovery Scenario Begins To Take Shape<\/h2>\n

Focusing on the 1-hour timeframe, Elliott Waves Academy identifies<\/a> a potential short-term recovery for Solana. This corrective move is modeled as wave (2)\/(B), likely taking the shape of a complex double zigzag structure as the market attempts to stabilize after recent downward momentum<\/a>.<\/p>\n

To confirm this recovery path, a decisive breakout above the upper boundary of the current diagonal pattern is key. Additionally, clearing the key resistance level tied to the previous bearish<\/a> wave would significantly bolster the case for this upward correction, which is expected to evolve within the defined price channel shown on the chart.<\/p>\n

The primary target for this relief rally resides within the 50% to 61.8% retracement zone of the preceding decline, with potential for an extension up to the 78.6% level. Ultimately, the structural outlook depends on how the price interacts with this resistance zone.\u00a0<\/p>\n

If the recovery gives way to renewed selling, the area will likely act as a focal point for seller concentration. However, should the market establish higher lows and follow up with a series of impulsive waves, the trend would shift<\/a> toward sustained upside potential.<\/p>\n

Solana Remains Stuck Inside Broad Range Structure<\/h2>\n

MCO Global DE noted<\/a> that Solana continues to trade sideways within the same broad range structure that has controlled price action for several months. According to the analysts, the market still lacks a convincing breakout signal, while recent movement on the lower timeframes is dominated by short-term<\/a> noise.<\/p>\n

The expert explained that the leading scenario remains largely unchanged, with several important support zones continuing to hold. Immediate support<\/a> is seen around $81.28, while significant support regions remain between $71.92 and $77.96. MCO Global DE added that another short-term dip cannot be ruled out before Solana attempts a renewed recovery within the larger B-wave structure.<\/p>\n

At the same time, the analysts warned that the market remains vulnerable to deeper corrective movement as long as the key resistance around the $96 level remains intact. Overall, MCO Global DE believes Solana is still trapped inside a large range-bound structure, with no clear confirmation of a larger bullish breakout at this stage. Until buyers successfully overcome the major resistance levels, particularly near $96 and eventually $110, the broader market outlook is expected to remain cautious and neutral.<\/p>","protected":false},"excerpt":{"rendered":"

Solana continues to trade within a cautious consolidation phase, with price action suggesting that a temporary recovery may develop before the market makes its next major directional move. While short-term momentum has started to stabilize, SOL still faces key resistance barriers that could determine whether the current bounce evolves into a stronger breakout or fades […]<\/p>\n","protected":false},"author":0,"featured_media":169563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-169562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/169562"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=169562"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/169562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/169563"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=169562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=169562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=169562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}