The firm said last week’s sharp downturn – which dragged Solana below its main uptrend line – has left the asset vulnerable to deeper corrections. The break coincided with the broader crypto sell-off that erased billions from the market, pushing SOL as low as $173 before buyers managed to slow the decline.

Analysts highlighted a narrow zone between $192 and $188 as Solana’s near-term battleground. If bulls can defend that range, a rebound toward $204 or $223 remains possible, they said.

But failure to hold would likely send prices back to the $159 area, where previous demand emerged earlier in the summer.

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MakroVision described Solana’s chart as “structurally weak,” adding that momentum indicators have yet to confirm any major recovery. Still, the firm noted that as long as the $190 region holds, the broader uptrend that defined 2025 isn’t fully broken.

For traders, the coming days could decide whether Solana stabilizes for another leg upward – or slides deeper into correction territory.

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