Crypto
Solana Price Eyes Bullish Breakout Above $78 Resistance
The Solana token has shown signs of life, rising by 5.89% over the past week despite being in a deep downtrend.
In fact, its price has been cut nearly in half over the past year, plummeting 57%. The June 6 low at $60.13 was the lowest SOL price since December 2023.
According to popular crypto analyst Ali Martinez, however, this downtrend may soon change bullishly.
The TD Sequential flashed a buy signal on the daily timeframe, and a move above the $78.7 resistance could set off a bullish trend. The MACD also formed a golden cross, indicating a shift in momentum.