Solana Price Action Shifts as Traders Eye $80 Target

Solana has been showing signs of momentum turning higher after recovering from its lows and breaking through short-term resistance.

The chart shows the negative momentum that dominated the second half of July beginning to fade, while price has recovered towards the mid-$70s.

Traders are now watching for a push through the upper-$70s, with $79.50 liquidity and the $80 resistance level in focus as potential targets.

The derivatives market is also giving traders a clear short-term level to monitor, with a large concentration of short positions around $79.50 after SOL had already moved through another high-leverage short zone.