Solana Price Holds Steady Near $75 as Breakout Setup Targets $90
Solana's price is holding steady near $75 as analysts believe it could break out towards $90 and potentially reach $98. The cryptocurrency has been defending a critical support zone near $74-$75, and if it holds this level, it could open the path for a move towards $84.
Analyst Ansem noted that the chart is pointing towards resistance around $83 to $84, and clearing this zone would confirm stronger momentum. A sustained move above the current range could send Solana's price toward the June high near $83.10 and weekly resistance around $83.91.
The broader bullish setup would face greater pressure if Solana falls below $67.50. However, analysts believe that as long as it holds above $75.06 through the daily and weekly close, it could confirm a bullish deviation and support a recovery towards $84, followed by the May imbalance near $90.