Solana enters a decisive phase as recent movements suggest a transition away from weeks of corrective pressure. The price now approaches a critical level where market structure could shift toward a potential upside extension.
Trendline Pressure Eases as Structure Begins to Shift
Solana has traded under a dominant descending trendline for weeks, forming consistent lower highs across November. This pattern shaped a clear downtrend channel that restricted every bullish attempt. However, the recent structure shows early signs of change as the asset begins forming higher lows.
According to market analyst Captain Faibik, Solana is now positioned for what he describes as a potential “+25% recovery rally.” His chart suggests that the 2-hour timeframe is showing a transition from compression into possible expansion. The asset has rejected the $122–$125 demand area, which previously acted as a critical support region during the corrective phase.
Price action now consolidates near the $138–$140 range, directly beneath the descending trendline that governed recent movement. This tightening structure forms a coiling pattern, typically seen when market participants prepare for a break in directional momentum.
Coiling Structure Near $140 Creates a Breakout Opportunity
The coiling pattern suggests buyers and sellers are narrowing the trading range. This kind of behavior often precedes a strong expansion phase. As Solana holds above $130, its near-term technical condition remains constructive, according to the same analysis.
The projected recovery area around $172–$175 corresponds to a previous supply zone. This range also aligns with the midpoint of Solana’s last breakdown, offering a logical technical target if bullish continuation unfolds. A confirmed candle close above the descending trendline would shift resistance into support and establish new structure strength.
Momentum now shifts in favor of buyers as sellers lose control of short-term positioning. This shift becomes more apparent as higher lows appear consistently, showing a gradual return of demand at elevated levels.
Accumulation Signs Build as Breakout Confirmation Awaits
Market activity indicates that buyers are stepping in earlier with each pullback, suggesting a controlled accumulation phase. The defense of the $130 support area remains the key invalidation level if the structure weakens.
Captain Faibik’s assessment notes that volume expansion on a breakout could accelerate the move toward the recovery target. Such a scenario would confirm that market participants support a short-term bullish reversal. Until confirmation arrives, Solana remains positioned just beneath the deciding trendline.
As price compresses under this barrier, the market awaits whether a breakout will validate the shift hinted by recent higher lows. For now, Solana stays technically primed for an upward extension as long as $130 continues to hold.