- Sol has risen by 5.02% for the past 24 hours.
- Solana could see a long -term recovery if it applies more than $ 200.
After falling a low point of $ 179, Solana [SOL] has made a moderate recovery to reach $ 220. Since then, however, the Altcoin has been withdrawn. Solana was actually traded at $ 206 at the moment.
This meant an increase of 5.02% compared to the daily graphs. Before these profits, Sol had been on a downward process that fell by 14.12% on weekly graphs.
With the recent price recovery, the Altcoin has left analysts on a possible sustainable recovery. As far as Bitcoin’s popular crypto analyst man has suggested a potential recovery that Fibonacci is quoting Wave 3.
Market sentiment suggests …
In his analysis, Manofbitcoin noted that the price of Solana works on Wave-3 at the top.
Source: X
Golf 3 is usually the most powerful and most extensive, which often reaches 1,618x or even 2.618x the length of golf 1.
Therefore, if this update applies, the realistic target for SOL would be $ 225. However, if the Altcoin does not hold and loses Momentum, Golf could fall three of the expectations that result in a withdrawal.
Can Solana see a long -term recovery?
Although the analysis provided above offers promising prospects, it is essential to check other market indicators and determine what they suggest.
According to the analysis of Ambcrypto, Solana won upward impulse that the Altcoin could see a profit on his price charts in the short term.
Source: Coinalyze
For example, the Futures Basis of Solana has remained positive on Binance and Kraken. If this remains positive, this means that futures contracts trade a premium to the bargain price.
This reflects Bullish market sentiments with traders who expect prices to rise, which means they pay compensation to set their positions.
Source: Coinalyze
This bullishness is further confirmed because holders of long position dominate the market.
Coinalyze data shows that long positions include 76.42% of the daily timetables. When more traders go long, this means that they anticipate prices to recover.
Source: Coinglass
Exit the inflow have exceeded, indicating that more investors draw their sol from exchanges than deposition.
With a negative place Netflow, this suggests that traders accumulate and store in private portfolios, waiting for suitable circumstances to re -enter the market.
Read Solana’s [SOL] Price forecast 2025–2026
Although Solana has fallen last week, it is not an isolated matter, because the wider cryptomarkt has also experienced a dip.
If the market remains optimistic, we can see Sol reclaim from $ 219 and then try an outbreak of $ 223.
To keep this bullish look, the Altcoin must stay above $ 200. Conversely, a potential correction could see SOL fall under $ 200.
