Can Solana Price Still Reach A New ATH After Crashing To 2-Year Lows?

Market expert Umair Crypto has released an updated technical analysis on the Solana price, highlighting that its market structure remains decisively bearish after its recent crash to two-year lows. Despite the downtrend, Umair Crypto believes that Solana could still build enough momentum to reach higher levels. He has shared multiple bullish and a few bearish targets for the cryptocurrency, depending on its next price movements. The analyst predicts that the Solana price could recover and potentially climb back above $150 if it breaks through key resistance levels. Solana's price action turned sharply bearish after breaking key support levels and crashing below $80 earlier this week, losing the $100 Point Of Control from the January 2024 range. The price quickly dropped toward the next POC zone between $67 and $73, representing a clean move downward of about 27%. Following the price drop, Solana staged a modest 12% bounce from the lower zone, confirming the area as a volume-heavy region capable of temporarily attracting buyers. However, the chart still signals caution, as Solana is already pulling back while trading volume continues to increase, indicating a downside conviction rather than a V-shape recovery setup. Umair Crypto believes that the best-case scenario for Solana would be to build a base within its current range, flip its daily bullish structure, and use that structure as support for any future price recoveries. If SOL breaks above the $100.93 level, the analyst predicts the next price targets would be $120.59, $128.43, $138.77, and $150.36, with an even higher target of between $200 and $210 if Solana can maintain momentum above $150.36.