Analysts said this level aligned with a five-year ascending trendline.
The Solana price approached its five-year trendline again after weeks of steady decline.
According to analysts, this area aligned with a five-year ascending trendline that defined the token’s broader uptrend.
The key question now was whether SOL could maintain that base and begin a new leg higher.
Solana price was trading near $182 at the time of writing, down about 1.15% in the past 24 hours and nearly 6.65% over the past week.
This line had supported SOL since early 2020 and survived several market shocks, including the 2022 crash and the FTX collapse.
Each touch of this trendline in previous years had led to strong rebounds lasting several months. At press time, the Solana price traded around $184, just above a combined technical floor near $165-$175.
That area included both diagonal trend support and horizontal demand from earlier trading ranges. Analysts said this confluence made it one of the most critical zones on the chart.
If the Solana price held that area and confirmed a weekly bounce, the setup could mark the end of the recent correction phase.
Past market cycles showed that small recoveries from this line often evolved into multi-month rallies once trading momentum increased.
Market observers said long-term holders and institutional participants tended to accumulate SOL near this zone because it had historically offered favorable entry levels.
Such buying interest helped reinforce the trendline’s reliability.
Analysts described the current Solana price behavior as similar to earlier phases that preceded large upswings. In past cycles, sentiment was often negative when SOL approached this line.
Traders had been cautious, social activity was subdued, and bearish commentary dominated X. Despite that, the same conditions often became turning points once supply pressure eased.
This time, market conditions were comparable. Many altcoins had been consolidating, and broader enthusiasm across tokens had slowed.
However, Solana’s underlying data remained healthy. Daily active users stayed close to record highs, and the number of on-chain transactions remained strong.
The ecosystem also continued to expand. Developers were still launching projects in decentralized finance (DeFi), non-fungible tokens (NFTs), and payment tools.
Those steady fundamentals supported confidence in Solana’s longer-term network health, even as its price cooled.
From a technical perspective, analysts said the Solana price needed to stay above $175 to keep the broader uptrend intact.
As long as SOL avoided weekly closes below $160, the multi-year structure that had guided it since 2020 would remain valid.
If the Solana price maintained its base and turned higher, the next resistance area would likely appear around $220-$250.
A confirmed breakout above that zone could allow SOL to target the $300 region later this year.
Should the structure fail for the first time since 2020, analysts said SOL could revisit roughly $130 before finding support again.
However, historical behavior suggested that deep breakdowns were uncommon as long as volume and user activity stayed consistent.
Beyond technicals, Solana’s resilience across multiple market cycles continued to stand out. Few layer-1 networks had maintained a clean, upward-sloping base over five years.
This consistency suggested that buyers repeatedly viewed SOL as valuable at these levels, even during broad sell-offs.
While short-term volatility remained possible, the current setup resembled previous consolidation phases that preceded strong upward moves.
Analysts said these quiet moments near major support levels often developed into the first stage of new uptrends.
If that pattern held, Solana’s next decisive move could start from its current zone.
A sustained bounce from $175 would confirm that the long-term structure remained in play and could position SOL for another multi-month rally.
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