Solana Defends Support Zone Amid Renewed Strength Against Bitcoin
Solana's price is defending a key support zone near $74-$75 after retreating from recent highs. The cryptocurrency has been showing signs of renewed strength in its trading pair against Bitcoin, which could open up a move toward $90 and ultimately the broader target around $98.40.
According to analyst Ansem, SOL is holding a critical support zone near $74-$75, keeping its short-term recovery setup intact. If this level holds, it could send Solana higher soon, with the chart pointing toward resistance around $83-$84. A sustained move above the current range would first take SOL toward the June high near $83.10 and weekly resistance around $83.91.
However, if Solana falls below approximately $73.67, it could weaken the immediate rebound case, while losing $72.46 could expose lower support near $71 and $70.70. The broader bullish setup would face greater pressure if SOL falls below $67.50.