Solana Consolidates Near $75 as Alpenglow Upgrade Fuels Recovery Hopes

Solana's price has been consolidating near $75 after a prolonged decline, holding above the crucial $60-$62 support zone.

The Alpenglow upgrade adds a fundamental catalyst for the token's recovery hopes, but Elliott Wave analysis still shows a corrective structure.

A breakout through the $78-$80 resistance area is key for Solana to target a stronger recovery, with the 61.8% Fibonacci level at $82.26 marking an important upside area.

The current range remains intact, and rejection near its upper boundary could send SOL back toward the low-$70s or potentially the $60-$62 support zone.