Solana defends $49 support, targets breakout above $108 as correction nears end

Solana tightens in a range. Analysts flag a potential breakout as structure firms.

Solana holds $49, faces $108; analysts say ABC correction is nearing its end.

Crypto analyst Ali Charts says Solana (SOL) trades inside a clean ascending channel. He marks $108 as macro resistance. He marks $49 as the key support and mid-range.

Price failed to sustain moves above $108. That level caps upside for now. Holding $49 keeps the bullish structure intact, per Ali’s chart.

Analyst XForceGlobal adds that SOL’s macro ABC correction is almost complete. He allows for one final low as a liquidity sweep before a reversal.

Key levels and structure:
- Resistance $108 per Ali’s map source
- Support $49 at mid-range source
- Macro ABC correction near completion source