Solana Price Rebound Eyed as Traders Watch for Breakthrough Above Descending Trendline

Solana's price has been hovering near $75 as traders wait to see if it can break through short-term resistance or revisit support around $67 before its next major move.

Two technical setups suggest a bullish recovery scenario, with near-term targets around $87 and a broader daily-chart objective near $130 if buyers reclaim several key resistance levels.

The first setup shows Solana testing a descending trendline after spending much of July and early August below a sequence of lower highs. Trader Daink's chart presents a bullish swing setup from around $75, but the path toward the projected $130 target requires SOL to clear several major resistance levels first.

The second setup points to a different route higher, with Crypto Tony watching for a possible deeper pullback before buyers regain control. The four-hour SOL/USD chart shows price near $75.58, below resistance around the upper-$77 area, while a major horizontal support zone sits near $67.50.