Solana (SOL) Reclaims Range, Targets $150 With Key Levels
Solana (SOL) is trading inside a weekly range of about $67.50–$106 after reclaiming the structure following a failed breakdown, according to trader “Ansem”. The weekly support sits near $72–$75 on the hourly chart, with invalidation below $71. Resistance is clustered at $81.50–$88; a clean weekly close above this band would strengthen the recovery.
On the daily chart, trading activity concentrates between $78 and $92, with a point of control around $85 where recent momentum faded. Ansem says SOL has already filled the fast drop from $83 to $60, meaning price has moved back through an earlier weak area. If daily closes regain June highs near $83, SOL could revisit the weekly range high around $106.
The next extended target is $150 in Q3, but the bullish path depends on SOL breaking and holding above $106 “with strength”. Key levels traders are watching: support $72–$75 (and $67.50 as the broader downside line), resistance $81.50–$88, then $106 as the major trigger.
Bullish
This article is bullish for SOL because it frames SOL as having reclaimed a long-established weekly range after a high-volume selloff failed to push it below the $67.5–$106 structure. That “failed breakdown → reclaim → retest resistance” pattern often precedes a trend recovery when price can close above the midpoint resistance zone.
Key trader implications are clear: if SOL holds $72–$75 (with invalidation below $71) and then closes above $81.50–$88, the setup improves and $106 becomes the next major magnet. A break above $106 “with strength” is presented as the condition for higher targets, including $150 in Q3.
Historically, similar range-reclaim setups can be choppy at first (uneven price action) but tend to accelerate once buyers defend support and weekly closes confirm the breakout. Conversely, a breakdown below the range low near $67.5 would weaken the recovery thesis and likely increase downside momentum. For traders, this news effectively defines a tactical long zone ($72–$75) and an invalidation level (below $71), with upside triggers ($83+, then $106) that could shape short-term positioning while keeping the longer-term upside to $150 conditional.