Skip to content
LIVE
Loading prices...
Solana’s Next Move Hinges on One Brutal Resistance

Solana’s Next Move Hinges on One Brutal Resistance

Solana’s Next Move Hinges on One Brutal Resistance

In Brief

  • • Solana is testing a key descending resistance that has capped recent rallies.
  • • A breakout could signal a short-term trend reversal toward higher levels.
  • • Another rejection would keep downside risk firmly in play.

Solana (SOL) is approaching a decisive technical level, with traders closely watching a long-standing resistance trendline that could determine Solana’s next major move.

Ad

Specifically, according to a new chart shared by popular cryptocurrency analyst Ali Martinez in an X post on December 22, the descending trendline on the 1-hour chart has consistently capped Solana’s upside after multiple rejection attempts.

The price is now pressing directly into that zone again, turning it into a critical decision point for short-term direction.

Why This Resistance Matters for SOL

The trendline marks a sequence of lower highs that has guided Solana’s pullback since its recent local peak. Each previous attempt to break above it has resulted in renewed selling pressure, reinforcing its importance as a structural level.

At the time of the chart, SOL was hovering just below the trendline, consolidating after a volatile drop that briefly flushed the price toward the lower $120s. The bounce that followed suggests buyers are still active, but confirmation remains elusive until the trendline is decisively reclaimed.

Ad

Indeed, Solana was at press time changing hands at the price of $125.92, which indicates a 0.06% increase on the day, a decline of 4.81% across the week, and a loss of 0.13% in the past month, according to the most recent chart data.

Solana 7-day price chart.
Solana 7-day price chart. Source: CoinMarketCap

A clean break above resistance could signal a short-term trend reversal, opening the door for a move toward the next horizontal resistance zones around the mid-$130s and beyond. Failure, however, would keep the broader downtrend intact and raise the risk of another leg lower.

What Traders Are Watching Next

Volume and candle structure near the trendline will likely determine the outcome. A strong close above resistance, especially with expanding volume, would suggest bulls are regaining control. 

On the flip side, another rejection could confirm the trendline as a sell zone, potentially pushing SOL back toward recent lows.

For now, the setup leaves little room for indecision. As Ali Martinez put it, this resistance trendline is the key decision point, and Solana’s next move could set the tone for the days ahead.

More Must-Reads:

How do you rate this article?

Join our Socials

Briefly, clearly and without noise – get the most important crypto news and market insights first.