Solana is trading near $84.44 on the 4-hour chart after failing to hold recent moves toward $96 resistance, according to technical analysis from More Crypto Online. The next short-term support level sits near $81.30, with no clear sign that a local low has formed. On the weekly chart, analyst Justin Bennett points to a possible move toward $30 if SOL loses its current consolidation range, as the cryptocurrency remains inside a rising channel established since 2021.
Short-Term Support Test at $81.30
Solana remains stuck in a sideways range on the 4-hour chart. The rejection from the $96 resistance area pushed SOL back into the middle of its trading range, according to More Crypto Online's analysis.
The chart marks main range support between Fibonacci levels at $77.96, $75.41, and $71.92. This zone remains important if SOL loses the current short-term support at $81.30.
On the upside, Solana needs to reclaim the $96 area first. A move above that level could restart the C-wave setup shown on the chart, with higher target zones starting near $110.55 and extending toward $120.47, $126.96, and $138.45.
For now, Solana has not confirmed a bullish reversal. The chart shows sideways price action, short-term weakness, and a key support test near $81.30.
Weekly Chart Shows Pressure Toward $30
Solana is showing a weaker long-term setup on the weekly chart, with SOL trading near $84 after a long decline from the 2025 high area. Price has moved sideways for several weeks, but the structure still sits below the previous breakdown zone.
The SOL/USDT weekly chart shows Solana inside a large rising channel that has guided price action since 2021. The upper trendline rejected price several times during major rallies, while the lower trendline sits much lower, near the $30 area.
Analyst Justin Bennett's chart marks a possible drop from the current consolidation range toward that lower channel support. The key issue is that SOL has not reclaimed the higher resistance zones near $120 to $140. Without that recovery, the weekly trend still looks pressured.
The $30 target depends on SOL losing its current range and continuing toward the lower channel line. If buyers defend the current area and reclaim resistance, the bearish path would weaken. For now, the chart shows downside risk rather than a confirmed move.
