Solana Tests Key Resistance Level at $81 Amid Analysts' Bullish Predictions

Solana is trading near a crucial resistance level at $81, according to technical analysts. If Bitcoin regains upward momentum, SOL could see significant upside, potentially reaching $104 and beyond.

Trader Gum highlighted that regaining the $81 level would be critical for Solana's short-term outlook, as it aligns with the 50-week EMA at $104.38 and stands as the next major resistance zone.

The chart provided by Gum shows a gap with limited resistance between $81 and $104, suggesting that a breakout over $81 would be significant for bullish momentum.

However, some traders may short SOL at current prices due to Bitcoin's daily chart showing resistance. A confirmed weekly close above $81 would strengthen Solana's recovery prospects, while another rejection could keep it locked below trend resistance.