Solana's Breakout Hopes Hinge on Beating Key Resistance

Solana's price has been on an uptrend over the past week, increasing by 5.89% to $65.49.

However, this growth is still within a deep downtrend that has seen the asset's value slashed by 57% in the past year.

The low of $60.13 on June 6 was the lowest Solana price since December 2023.

Despite this, popular crypto analyst Ali Martinez believes that a bullish breakout is possible, citing technical indicators such as the TD Sequential and MACD.

A buy signal has been flashed on the daily timeframe, and a move above the $78.7 resistance could set off a bull run towards $100.