Solana Bulls Fight to Crack Key $80 Resistance

Solana's price has been stuck in a tight range, trading between $74 and $78. The bulls are trying to break through the key resistance level of $80, which is also aligned with the 100-day EMA.

The Tom DeMark Sequential indicator has flashed a buy signal on Solana's daily chart, suggesting that downside momentum may be fading. The MACD has also printed a golden cross, indicating an early bullish signal.

For Solana to break above $80 and hold there, it needs to close above the resistance trendline from the parallel channel pattern, which is around $78. A clean break above this level on strong volume would be the first sign of strength for the bulls.