Solana Price Seeks Breakout at $115-$116 Amid Bullish and Bearish Scenarios
Solana is trading near $105 as it attempts to break through resistance and potentially send its price toward $115-$116. According to a chart by SatoshiOwl, Solana's recent recovery from early-September lows has created a tightening four-hour structure with rising support meeting a descending resistance line near the current price.
The chart shows that a break above the upper trendline would be the first bullish confirmation for Solana, followed by clearing the recent $107-$108 area before a move toward $115-$116 becomes more credible. However, this target also represents the main risk in SatoshiOwl's scenario, as it shows a steep reversal toward the mid-$80s after reaching approximately $116.
A separate long-term chart from Celal Kucuker presents a significantly more bullish scenario, built around Solana's recovery from a major support region near $70.72. The chart sketches a rounded recovery structure that could eventually challenge much higher resistance if SOL continues rebuilding momentum.