Crypto
Solana's Price Stabilizes Amidst Breakout Watch
Solana's price has been trying to stabilize within its weekly demand zone as traders watch for a breakout from its short-term downtrend.
The asset is currently trading near $74, but it must break its descending structure before a sustained recovery toward the $90 area becomes more likely.
According to Mayne, holding the $60-$68 support region could support a move toward $90, while another dip may be needed to confirm a 2022-style bottom.