Crypto
Solana Price Tests Critical Range Support
As of now, Solana's price is hovering around $73.50 after buyers managed to fend off a sharp decline at the start of August.
However, this recovery attempt has been limited by a descending trendline that continues to favor sellers across multiple time frames.
The next move for Solana's price depends on its interaction with the narrow range between $70 support and $73.76 resistance.
A confirmed breakout above $73.76 could potentially support a recovery toward $78, while a breakdown may expose the demand zone near $65.70.