- Solana recovered after the $128.92 support zone which has been used as a weekly reference point.
- The token was up by 5.4 percent to reach a price of $136.03, returning the price to the $139.38 resistance point.
- SOL rose by 4.2 percent over Bitcoin and this addition to the verified daily scale provided the force behind the new trend.
Solana (SOL) was trading close to the upper limit of its daily chart following its consistent recovery that boosted the token to $136.03. The 5.4% gain in the last 24 hours brought the focus back to a previously monitored weekly support area on the chart. Price moved after touching the $128.92 support level, which has acted as a recurring reference point across several prior tests.
However, the chart also showed the market responding to this area with repeated reactions, creating a structured base for recent movement. The latest rebound aligned with this zone once again, keeping market participants focused on how price behaves near the current range.
Weekly Support Zone Retains Market Focus
The highlighted support region continued to attract strong attention due to its historical relevance. Several previous weekly lows formed along this level, and the chart displayed multiple reactions marked by consistent touches across different months.
This created a clear area where price often paused before shifting direction. However, the most recent decline toward the zone occurred as volatility increased across the broader market. This placed more emphasis on the $128.92 level as traders evaluated how firmly the market would respond.
Daily Range Limits Short-Term Movement
The existing 24 hour span between the support of 128.92 and resistance of 139.38. After the 5.4% increase, price moved to the upper limit in the most recent session. However, the structure maintained a defined ceiling, which kept the short-term outlook contained within narrow boundaries.
The reaction near the top of the range helped outline how traders navigated the immediate levels. The movement also connected back to the weekly zone, as both areas shaped the broader structure leading into the session.
Chart Structure Connects With Recent Strength
The chart highlighted several repeated touches on the same horizontal zone, which reinforced its standing in the broader trend. This pattern linked closely with the current rebound toward $139.38. Furthermore, the token showed a 4.2% gain against Bitcoin, which provided additional context for the shift in short-term positioning. With these elements connected, market participants monitored how Solana continued reacting to the support zone while maintaining movement within the defined daily range.
