Solana ( $SOL ) is currently trading around $88.4, moving sideways after a strong corrective decline. Price action suggests SOL has entered a consolidation phase, where sellers are losing momentum and buyers are gradually stepping in. This zone often acts as a base-building area before the next directional move.
From a technical perspective, $78–$80 stands out as a strong support region, backed by historical demand and prior reactions. On the upside, $SOL faces near-term resistance between $90–$95, where sell pressure has repeatedly emerged. A confirmed breakout above this resistance, supported by volume, could open the door toward $102–$110 in the short to medium term.
If SOL fails to hold above $85, a deeper pullback toward the $80 support cannot be ruled out. However, as long as price remains above this zone, the broader structure favors a stabilization-to-recovery scenario rather than continued downside. $SOL
📊 Key Levels to Watch
Support: $80 → $78
Resistance: $90 → $95
Bullish Targets: $102 → $110
💡 Trader Insight: Patience is key. Wait for a confirmed breakout or a clean support bounce before entering.
⚠️ Always manage risk and trade with confirmation.
Not Financial Advice)
Disclaimer: I am not your financial advisor.
#BinanceSquare #TechnicalAnalysis #Commodities #solana
