The post Solana Price Prediction: SOL Near Resistance, $1K Scenario appeared on BitcoinEthereumNews.com.

Solana is testing an important short term resistance zone while a separate weekly chart points to a much bigger breakout setup for this cycle. Together, the two charts show a market at a decision point, with near term resistance in focus and a much larger upside target still tied to future confirmation. Solana Tests First Resistance as Short Term Range Tightens Solana is testing its first micro resistance zone near the mid $84 area, and that level now stands as the immediate barrier on the 1 hour chart. The setup from MCO Global shows SOL pushing into a red resistance band after bouncing from a lower support block around the $78 to $81 region. So far, buyers have managed to lift price off that base, but they have not yet cleared the first ceiling. SOL/USD 1H. Source: TradingView,MCO Global on X The chart also shows several Fibonacci levels stacked inside this resistance area, with levels near $84.46, $85.06, $85.56, $86.51, and $87.03. Because these levels sit close together, they form a dense supply zone rather than a single breakout line. That usually makes the move harder to clear in one attempt, especially when price approaches it after a short rebound instead of a strong trend leg. Below the market, the key support zone remains around $81.65 down to the high $77 area, with micro support marked just above $78. If Solana fails at this first resistance band, price could rotate back into that lower demand area. However, if buyers break through the red zone and hold above it, the chart opens room toward the green trendline near the upper $87 to $88 area. Solana Megaphone Setup Points to Much Higher Cycle Target This weekly chart presents a bullish megaphone structure for Solana and argues that the broader cycle may not…

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Filed under: News - @ April 16, 2026 11:28 pm