Solana Price Prediction: SOL Prepares for a Major Rebound as Traders Target $120–$140 Resistance Zone

Recent market data shows Solana price consolidating around the $75 area, a level where buyers have started to step in and defend support. At the same time, momentum indicators are beginning to shift modestly, with bullish divergence forming on lower timeframes, suggesting a potential easing in bearish momentum.

Bullish Divergence Supports Solana Price Recovery

Solana price has continued to struggle after failing to reclaim higher resistance levels, but price is now approaching an area that has previously attracted buyers.

Trader Symba highlighted a bullish divergence forming on SOL’s lower timeframe chart, showing price making lower lows while RSI begins recovering. The setup suggests selling momentum is weakening around $73.05 to $72.00 zone, although bulls still need confirmation before a larger move can begin.

The first important level sits around $75. A move back above this area would improve short-term momentum and could open the door towards the $81-$82 resistance zone.

A chart shows SOL forming bullish divergence while approaching the $75 support region. Source: Trader Symba via X

Descending Trendline Break Could Trigger Recovery

Solana price remains compressed below a major descending trendline that has controlled price action throughout the recent decline. Crypto analyst Celal Kucuker noted that a daily close above the $81-$82 region would provide the first technical confirmation that momentum is shifting back in favor of buyers on the higher time-frame.

A breakout above this trendline would be significant because it would signal that SOL is no longer trapped inside the current downtrend structure. If SOL reclaims this zone, the next target comes near $95. A stronger continuation above that level could push price towards the larger resistance area between $120 and $140.

A chart shows Solana compressing below a major descending trendline, with $81-$82 identified as the first breakout confirmation. Source: Celal Kucuker via X

Long-Term Structure Targets $140 Recovery

Gum highlighted that there is significant upside room between the current price and the $140 region, suggesting that Solana could experience a strong recovery if buyers regain control.

The weekly structure shows SOL holding above previous support while approaching a potential recovery zone. A move back above major moving averages would further strengthen the long-term outlook.

A weekly chart shows SOL trading near support with room towards the $140 resistance region. Source: gum via X

Before reaching that area, Solana price would need to reclaim several resistance levels, including:

• $81–$82 as the first breakout confirmation zone
• $95 as the next major resistance level
• $120–$140 as the broader trend reversal target region

The $120–$140 region remains the major objective for a broader trend reversal.

Solana Faces 10th Straight Red Monthly Candle

Despite improving short-term signals, Solana’s higher-timeframe trend remains under pressure. Whale Factor highlighted that SOL is approaching its 10th consecutive monthly red candle, reflecting the extended weakness that has dominated price action.

A long streak of declining monthly candles shows persistent selling pressure, but it can also create conditions where sellers become exhausted and end up seeing an aggressive short squeeze.

A monthly chart shows Solana approaching its 10th straight red monthly candle after a prolonged decline. Source: Whale Factor via X

For a larger reversal to develop, SOL price needs to reclaim previous support levels and begin forming higher highs. Until then, the market remains in a recovery attempt rather than a confirmed trend change.

Solana Price Prediction: Key Levels to Watch

The immediate support for Solana price remains near $75. Holding this region would keep the bullish divergence setup active and allow buyers to challenge higher resistance.

Solana price trades at $73.66, up 0.01% in the last 24 hours. Source: Solana price via Brave New Coin

The first resistance level sits between $81 and $82, where a breakout would confirm a stronger recovery attempt. Above that, $95 becomes the next target before the larger $120-$140 resistance zone.

On the downside, losing $75 would weaken the current setup and could send SOL Solana price towards the $70-$65 support region.

Final Thoughts: Can Solana Price Recover in August?

Solana price enters August at a key technical inflection point, with price compressed near the $75 support zone after a prolonged downtrend. Early signs of bullish divergence on lower timeframes suggest selling pressure may be fading, opening the door for a potential short-term relief bounce if buyers step in.

For a recovery to develop, SOL price must hold above $75 and reclaim $81-$82, which would confirm improving momentum and target a move towards $95. However, failure to defend $75 would likely extend the correction and keep Solana trapped in its broader bearish structure, making August a decisive month for direction.