#Solana is currently trading around $75.94 on the 4H chart, and I’m watching this range closely.
After dropping from the $83+ area, $SOL spent weeks moving sideways and building a base around the $73–$74 region. Buyers have defended this area several times, and the recent recovery back toward $76 shows that there is still demand underneath the market.
The next important level for me is $76.64. A clean break and hold above this resistance could give SOL the momentum needed to push toward $77.62. If that level is reclaimed as support, the next areas on my chart are around $81.28, followed by $82.79–$83.41.
However, I wouldn’t ignore the downside. If SOL gets rejected around $76–$78 and loses the $73–$74 support zone, the bullish setup would weaken and we could see another move lower.
I’m watching for confirmation rather than chasing. The structure is interesting, and a successful breakout above the nearby resistance could make the next move much more interesting. #SOL #Macro Insights# #Altcoin Season#
After dropping from the $83+ area, $SOL spent weeks moving sideways and building a base around the $73–$74 region. Buyers have defended this area several times, and the recent recovery back toward $76 shows that there is still demand underneath the market.
The next important level for me is $76.64. A clean break and hold above this resistance could give SOL the momentum needed to push toward $77.62. If that level is reclaimed as support, the next areas on my chart are around $81.28, followed by $82.79–$83.41.
However, I wouldn’t ignore the downside. If SOL gets rejected around $76–$78 and loses the $73–$74 support zone, the bullish setup would weaken and we could see another move lower.
I’m watching for confirmation rather than chasing. The structure is interesting, and a successful breakout above the nearby resistance could make the next move much more interesting. #SOL #Macro Insights# #Altcoin Season#