Solana drew fresh attention after trader Bluntz Capital blasted bearish calls following what he described as a 77% peak to trough drop.
Meanwhile, analyst Ali Charts laid out key levels, saying a break above 83.44 could open moves toward 87.11 and 90.97.
Bluntz Targets Solana Bears After 77% Drawdown
Crypto trader Bluntz Capital attacked traders betting against Solana after what he described as a 77% peak to trough drop, arguing that bearish positioning at this point ignores how sharp sell offs often reset markets. In a post on X, Bluntz used profanity and an insult while rejecting the idea of turning bearish on SOL at current levels.
Solana/TetherUS Weekly Chart. Source: TradingView / X
The chart he shared showed SOL/TetherUS on Binance’s weekly timeframe closing near 89.95 after trading between 75.63 and 92.10 during the week. It also showed the 200 week simple moving average near 103.55, while the 14 period RSI sat in the mid 30s, a level traders often read as weak momentum rather than a confirmed reversal.
Bluntz framed the decline as a capitulation style move that can clear positioning, then pointed to past cycles where large drawdowns preceded rebounds. He also shared a separate Bitcoin weekly chart that marked a steep historical decline, using it to support his view that deep pullbacks can happen before a broader uptrend resumes.
The post landed as Solana traders keep debating whether the recent bounce signals a base or a temporary recovery inside a wider downtrend. For now, the weekly view shows SOL trying to stabilize below its long term moving average, while momentum stays subdued and price action remains sensitive to broader crypto risk moves.
Ali Charts Flags Solana Levels After Reclaim Attempt
Meanwhile, Crypto analyst Ali Charts outlined near term resistance levels for Solana, saying price strength above a key zone could open the path to higher targets. In a post on X, the analyst pointed to 83.44 as the level to clear, then marked 87.11 and 90.97 as upside areas if momentum holds. The call framed the move as a technical reaction to recent range trading on lower time frames.
Solana 4 Hour Chart. Source: TradingView / X
The chart shared with the post mapped repeated reactions around the same horizontal bands, showing price rotating between support and resistance before a rebound from the lower boundary. As a result, the 83.44 area stands out as a decision point. If buyers sustain acceptance above that band, then the next two levels come into view as potential resistance zones where sellers previously stepped in.
At the same time, the setup leaves room for failure at resistance if follow through fades. Price structure on the four hour view shows recent swings clustering near the same zones, which keeps the market sensitive to short term liquidity runs. For now, the map highlights how Solana trades inside a defined range, while the next directional move depends on whether price can hold above the marked breakout level.
Source: https://coinpaper.com/14959/solana-price-prediction-bluntz-dunks-on-bears-as-ali-charts-eyes-90-97
