Solana broke out of a four-hour bull flag and is now retesting the former resistance line as support, a structure that traders typically treat as a second entry point before the next leg higher. Analyst BATMAN flagged that SOL is still sitting above its 200-period exponential moving average, which keeps the short-term picture intact for buyers.
The zone that matters most right now is $74 to $76. That range combines the 200 EMA with the original breakout level, and as long as price holds there, the path toward $82 to $84 stays open. A clean push through that band would then put the projected target near $94 in play. Lose $74 on a confirmed close, though, and the setup falls apart, with $72 and $68 becoming the next areas of interest on the downside.
SOL/BTC Tells a Longer Story
Zoom out to the monthly chart and a separate argument is building. Analyst CryptoCurb points out that the SOL/BTC pair is sitting on a support zone that spent much of the 2021 cycle acting as resistance before flipping. That kind of level carries memory, and the pair appears to be forming a base around 0.0010 to 0.0012 BTC.
For the longer-term thesis to gain traction, SOL/BTC needs to break its multiyear descending trendline first. Reclaiming 0.0015 BTC would be an early signal; pushing through 0.0020 BTC would be a stronger one. A monthly close beneath current support, on the other hand, would kill the bottoming narrative and suggest Solana continues underperforming Bitcoin through the rest of the cycle.
Both setups are pointing in the same direction, but neither is confirmed. The bull flag on the four-hour chart still needs fresh buying volume to extend, and the monthly SOL/BTC picture remains speculative until the trendline actually breaks. Traders watching the $74 to $76 floor will get the first real answer.
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
