Is the (SOL) rebound in Solana permanent, or could further declines be coming? Analysis Company Announces Critical Points

**Cryptocurrency analysis firm MakroVision evaluated Solana's price action, noting that the asset has reached its lowest levels since August 2024.

The main question on analysts' minds now is: Is there a reversal in sight, or will the decline continue?

According to analysts, the Solana (SOL) remains in a downtrend, forming lower highs and lower lows while remaining below falling trendlines. Despite showing some signs of a short-term recovery, the price is still below key resistance levels.

MakroVision analysts explained the key levels in the Solana price as follows:

• $159: A critical level that will determine whether the recent recovery is just a technical bounce.
• $170 – $188: A break above this range could signal a potential trend reversal.
• $104 – $117: This area, known as the gold pocket, reacted first. Holding above this area is essential for a potential trend reversal.

As a result, according to analysts, Solana has shown a small rebound, but the broader trend remains bearish. A sustained break above $159 could be the first strong bullish signal. Otherwise, the risk of another test of liquidity and a return to lower support levels may continue.