Solana Eyes $200 Target As It Gains Momentum – Recovery Could Mirror 3-Month Downtrend

Solana has staged an impressive comeback, rallying over 25% from its recent low of $95 earlier this week. The sharp move followed a major shift in macroeconomic sentiment after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, which was hit with a 125% tariff. The temporary relief sparked a renewed wave of optimism in financial markets, helping risk-on assets like Solana regain strength after weeks of heavy selling pressure.

Top analyst Bluntz weighed in on the rally, sharing on X that the recent bounce could be more than just a short-term reaction. He noted that Solana’s latest downtrend lasted nearly three months—a duration he believes could mirror the length of the current recovery phase. If his analysis plays out, SOL may be entering a sustained period of upward momentum.

Despite broader market uncertainty and continued global tensions, Solana’s sharp rebound is offering bulls some relief and potentially setting the stage for a longer-term rally. Traders are now closely watching key resistance levels and overall market sentiment to determine whether this bounce will evolve into a lasting trend shift.

Solana has finally seen a burst of buying activity after enduring nearly three months of relentless selling pressure. Since reaching its all-time high in January, SOL has lost more than 60% of its value, with bulls losing momentum the moment prices slipped below the $180 level. The correction was deep, sharp, and reflective of broader weakness in crypto and traditional markets as macroeconomic tensions escalated.

President Trump’s continued push for tariffs has added significant stress to global markets, dampening risk appetite and weighing heavily on altcoins like Solana. The environment has been far from friendly for speculative assets, but the recent bounce suggests that sentiment may be shifting.

Bluntz’s insights on X note that Solana’s previous downward leg lasted nearly three months—a timeline he believes the current recovery could mirror. According to his analysis, this bounce could impact prices by as much as 75% in the near term, with a potential target around the $200 level. While it’s too early to confirm a full trend reversal, this optimistic outlook offers some hope to investors holding through the drawdown.

For now, Solana must reclaim key resistance levels and sustain momentum above $120 to validate a broader recovery phase. The next few weeks will be critical as volatility continues to dominate and global tensions remain.

Solana is currently trading at $114 after briefly dropping below the critical $100 support level earlier this week. The recent bounce has given bulls a fighting chance, but price action remains fragile. For Solana to confirm a recovery rally, bulls need to reclaim the 4-hour 200-day Moving Average (MA) and Exponential Moving Average (EMA), both of which sit around the $130 level.

Holding above the $110 support zone is key. If SOL manages to maintain strength at current levels and successfully pushes above $130, it could open the door for a massive upside move. A breakout above the 4-hour MAs would likely trigger fresh momentum and renewed buying pressure, potentially sending Solana back into the $150–$180 range.

However, the bullish outlook hinges entirely on reclaiming these technical levels. Failing to do so could lead to renewed consolidation in the $100–$115 range or even spark another sell-off. If Solana falls back below $110 and retests the $100 mark, it could invite further downside and shake investor confidence again. The coming days will be pivotal as bulls try to shift momentum and stabilize the recent recovery.

Featured image from Dall-E, chart from TradingView