Solana Price at Crossroads as $73 Support Area Holds Key
Solana's price is currently testing a crucial support area near $73, which could determine its next major move. Analyst Crypto Patel notes that holding this level would preserve the bullish structure of Solana's recovery, while a breakdown below 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 this 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.