Solana Price Breaks Resistance, Eyes $80 as Traders Monitor Key Liquidity Level

Solana's price is showing signs of momentum after breaking through its recent resistance level and attempting to establish a higher low. The cryptocurrency has been trading above its descending structure that controlled much of the July correction, with traders watching $79.50 liquidity and the $80 resistance level for the next major move.

According to Cold Blooded Shiller, Solana appears to be among the first of the majors to show signs of momentum turning higher. The chart shows the negative momentum that dominated the second half of July beginning to fade, while price has recovered towards the mid-$70s.

The next challenge for Solana is whether buyers can extend that shift through $77-$78, which would give the current recovery more technical confirmation. If SOL can establish itself above $80, the structure would begin shifting from a short-term breakout into a broader recovery.