Solana's Price Trapped Below Key Resistance Zone

Solana's price remains trapped below the key resistance zone between $77.50 and $83, according to analyst Molchanov Andrey.

The six-hour chart shows Solana consolidating inside a tightening structure after recovering from its June low.

A brief move above $83 could still push SOL toward $87.90 as price targets liquidity above recent highs, but the analyst expects such a move to remain temporary unless buyers establish support above that level.

Losing the resistance zone and the Fibonacci support levels near $73.89 and $71.55 would accelerate the decline toward $68.28 before the broader $62.22 to $60.03 target zone comes into view.