Solana Hovers Near $73 Support Zone as Breakout Decision Looms
Solana's price is hovering near a critical support area at $73, where its next short-term move could be decided. According to analyst Crypto Patel, holding this level and reclaiming $77 would preserve the recovery. However, if Solana breaks below $73, it could expose deeper liquidity between $68 and $64.
The chart shows SOL trading near $73.90, close to the 0.382 Fibonacci retracement at $73.89 and an ascending trendline that has supported the recovery since June. Buyers have defended the same rising structure during several previous pullbacks.
However, Solana remains below descending resistance extending from the July high near $84. A recovery above $77 would place price back above that trendline and strengthen the case for another move toward $80 and $84.