Solana Bulls Pin Hopes on Critical $83-$85 Support Level
Solana's recent breakout from a months-long accumulation range and year-long downtrend has strengthened its case for a broader market reversal.
The cryptocurrency, trading near $103, is entering a decisive phase after pushing through resistance that had contained it for weeks. Buyers have driven SOL through this resistance, changing the short-term market structure and opening a potential path toward $150.
Maintaining this move will depend on whether buyers defend former resistance during any deeper correction. The breakout has established the $83-$85 area as critical support, with a retreat toward this level followed by renewed buying establishing a higher low and strengthening the bullish argument.
Immediate resistance remains near $107-$112, where SOL encountered selling pressure in its latest advance. A clean break above this range could bring the $118 area into focus before SOL confronts heavier resistance around $145-$150.