The firm noted that the token’s recent price action suggests a battle between renewed bullish pressure and the risk of another short-term pullback.
MakroVision’s data shows that Solana’s 0.382 Fibonacci retracement level near $192 has acted as a strong support base, triggering a rebound that lifted the token above the $204 and $223 zones.
However, analysts cautioned that the next few trading sessions will be crucial for determining whether the recovery can hold.
The firm highlighted the $223 area as a key level to watch. If buyers maintain control above that support, the next targets lie between $246 and $264 – a range that could open the path toward Solana’s previous all-time high.
Conversely, a break below $223 could shift sentiment and push the price back toward $204 or potentially lower levels.
MakroVision added that Solana’s structure remains technically healthy after its recent correction but emphasized that momentum must be sustained for further upside. The analysts concluded that while the bulls have regained footing, the market remains at a pivotal juncture where any weakness could quickly reverse recent gains.
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