Solana traded near $85.57 on a weekly Binance chart shared on X, as an analyst pointed to a familiar buy zone that previously preceded a major rally. The chart showed SOL holding near a support and entry area, while the analyst asked whether the token could reach $1,000 in the next alt season.
The TradingView chart showed SOL/TetherUS on the weekly timeframe, with price action moving around $85.57. The chart also showed a weekly high of $86.10 and a low of $83.23. The analyst marked a ‘Support / Entry’ area near the lower part of the current range. This zone sits around the $72.55 Fibonacci level, with another lower level marked near $52.11.
At the same time, the chart displayed SOL moving below the $101.00 level. That price area appears on the chart as the 0.382 Fibonacci level.
The post on X said, ‘Solana is back at the same buy zone that pumped it 2200% last time.’ It also asked whether SOL could hit $1,000 in alt season.
The chart linked the present support area to a past breakout and retest zone from 2023. That earlier section showed SOL moving from a lower range before a strong advance. A ‘Breakout’ label appeared around the mid-2023 structure. A ‘Retest’ label also appeared below it, marking the area where the price returned before rising again.
The chart then showed SOL climbing from that setup toward its former all-time high zone. The all-time high area appeared near the upper resistance region marked on the chart.
The chart projected a possible move toward $1,000. It also marked a gain of $944.71, equal to 1,901.37%, from the projected entry area to the upper target.
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The chart showed a major resistance band between roughly $175 and $285. This area covered the previous high region and several later rejection points. A horizontal line marked $500 as a possible higher level if SOL breaks above the major resistance zone. Another horizontal line marked $1,000 as the upper target.
The image also displayed a mid-range zone near $32.53. That level sits far below the current price and appears as a broader market reference area.
For now, the chart places immediate focus on the $72.55 support area, the $101.00 level, and the wider resistance zone above $175. These levels frame the analyst’s bullish Solana setup.
Solana’s chart places SOL near a key buy zone linked to a past 2,200% rally. The setup now centers on $72.55 support, the $101 level, and major resistance above $175. Traders may watch these levels closely as alt season expectations build.