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⛓️ Crypto NeutralImportance 4/10

Solana (SOL) Recovery Faces Roadblocks, Can Bulls Push Through?

NewsBTC|Aayush Jindal|
Solana (SOL) Recovery Faces Roadblocks, Can Bulls Push Through?
Image via NewsBTC
🤖AI Summary

Solana (SOL) has found support at $77 and recovered above $80, breaking through a key bearish trend line. The price faces immediate resistance at $82.80, with potential for further gains toward $85 if bulls can maintain momentum.

Key Takeaways
  • SOL found support at $77 and recovered above $80, breaking a bearish trend line
  • Immediate resistance sits at $82.80 (61.8% Fib retracement level) with major resistance at $85
  • Technical indicators show MACD gaining pace in bullish zone and RSI above 50
  • Failure to break $82.80 could lead to decline toward $77 support or lower to $66
  • Major support levels are at $80 and $77, with key resistance at $82.80 and $85
Mentioned Tokens
$BTC$69,131+3.1%
$ETH$2,130+3.8%
$SOL$81.97+2.1%
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