Solana continued to test a multi-year ascending trendline that has guided major recoveries since early 2023, as the token traded near $139.92 with a +3.96% gain after bulls stepped in at a familiar support zone. The latest three-day chart from analyst Ali (@ali_charts) showed a clear reaction at the same diagonal level that produced strong rebounds in both March and July 2023.
Solana also reclaimed critical short-term technical levels after climbing above $135 and the 100-hour simple moving average, signalling sustained buying interest during a broader recovery attempt.
The chart showed a major reaction in March 2023 when Solana surged 172.66%. The move started at $14.86 and extended to $40.61. The second reaction unfolded in July 2023 when the token advanced 84.50% from $12.20 to the mid-$20 region.
Each move occurred at the same diagonal trendline that extended from early 2023 through 2026 on the chart. The current price zone appeared inside a circled region on the right side of the chart, showing fresh interaction with the support level.
Another arrow pointed upward from the trendline, showing the recent bounce and renewed buyer activity. The chart also displayed major overhead levels near $259.20 and $234.85, which marked the highs from late 2023.
As Solana approached this trendline again, the market showed tight consolidation. Price fluctuations occurred close to support as buyers acted to absorb selling pressure. This reaction placed the current test within a broader multi-year context that extended across 2023, 2024, 2025, and 2026.
Solana began a steady recovery wave above $130. It moved with Bitcoin and Ethereum, which also attempted rebounds during the same period. The token climbed above $135 as intraday sentiment improved.
The move continued past the 61.8% Fibonacci retracement level of the drop from the $145 swing high to the $123 low. Solana also broke a short-term bearish trendline near $138, which cleared another resistance barrier.
The token moved above the 76.4% Fibonacci retracement level of the same downward move. It then stabilized above $135 and the 100-hour simple moving average, showing solid short-term control from buyers.
Immediate resistance appeared near $140. The next zone formed at $142. A stronger barrier developed at $145. A close above $145 could open a path toward $155.
The next possible target sat near $162. Market participants continued to watch these levels as Solana attempted to maintain momentum above the reclaimed support zones.
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If Solana failed to move above $140, a downside shift could develop. Initial support formed at $136. The trendline sat near the same level, creating a dual zone for reactions.
A larger support region developed at $134. A break beneath $134 could shift focus to $128, where another key support level sat.
If the price reached below $128, the structure could move toward the $120 zone. Traders watched these levels closely as the market approached another turning point. Could Solana maintain its long-term structure while short-term volatility increased?
Solana continues to defend its multi-year trendline as buyers support the price above key levels, including $135 and the 100-hour moving average. With resistance zones at $140, $142, and $145, the next moves will determine whether SOL targets $155 and $162 or retreats toward lower supports.