Solana price has seen its share of volatility today, as it fluctuated between $135 and $143. Analysts on X reviewed whether the multi-year trendline from 2020 still guided SOL during larger pullbacks.
Solana Price Sat on Long-Term Trend Support
The Solana price moved back toward a rising support line that linked higher lows since 2020 for SOL.
That line acted as a floor during several sharp market corrections and often attracted dip buyers. A rising trendline connected successive lows on the chart and showed that buyers stepped in at gradually higher levels.
When price touched that line in earlier cycles, the token usually bounced and started new advances.
Recent trading showed SOL pulling down from an overhead resistance area that capped rallies for years.
Sellers leaned on that band repeatedly, so each rejection there pushed the market back toward the long-term support zone.
Analysts said the current structure still reflected a broad upward bias. They pointed to a series of higher lows on the chart.
They also noted how the Solana price reacted each time near the same diagonal support.
The wider pattern also framed how traders positioned in the token. Some short-term traders sold near resistance, while longer-term holders focused on whether the trendline stayed intact during corrections.
Solana Price Targets Depended on Support Reaction
Market watchers said the key level sat near the confluence of the support line and a horizontal demand band. They treated that area as a decision point for the next meaningful swing on SOL.
An analyst on X shared a chart that tracked this structure over several cycles. He argued that the setup still allowed a strong long-term run if buyers defended the same rising guide.
In his view, a clear bounce here could prepare a move toward the $300–$400 resistance band. That zone roughly matched prior swing highs that turned back earlier rallies and marked profit-taking in the token.
Another analyst on X said that SOL traded inside a wide support region. He placed that region around the low-$130 area on his chart.
He linked the latest sell-off to a Head and Shoulders pattern that had formed after an earlier advance.
Traders used that setup as a possible signal that buying momentum had faded after a strong trend. The analyst said that the pullback still looked consistent with a normal correction rather than a full breakdown.
He said that the Solana price could still revisit the upper trading range. That scenario required the token to hold this band on closing timeframes.
He also highlighted how the rising trendline lined up with the horizontal zone on his chart. That overlap strengthened the argument that many participants would view this region as important for risk and reward.
What Could Shape Solana’s Next Directional Move
From here, the path for SOL depends on how the market treated the current support test. A firm rebound from the rising line would keep the pattern of higher lows in place.
That outcome would likely preserve the existing trend structure. If sellers pushed the token under the trendline on heavy volume, the pattern would change.
That structure had held since 2020 in earlier pullbacks. Traders would then focus on how deep any extension ran and where new demand emerged.
For now, analysts continued to track the daily chart for clear confirmation. They watched whether the Solana price respected the rising guide.
They also checked if resistance stayed firm near prior highs. They measured how aggressively traders bought dips after each test.
Further, investors need to keep an eye on how support and resistance reacted to broader market swings. They compared those swings with moves in major tokens such as BTC and ETH.
Those cross-asset moves sometimes influenced liquidity flows into SOL during stress or euphoria. Until the chart delivered a decisive move away from this zone, the key reference levels remained clear.
A long-term trendline that had defined the advance since 2020 set one boundary. A higher resistance band above that line completed the technical roadmap for the Solana price.
Source: https://www.thecoinrepublic.com/2025/11/16/why-solana-price-could-hold-130-as-analysts-see-trend-support/
