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Solana is trying to turn the $73.56-$75 zone into a short-term bottom after trapping sellers below support. Reclaiming $75.62 could push $SOL toward $81-$83 first, with $93-$97 possible if momentum continues.
Solana Holds $75 as Bullish Momentum Builds Toward $93
Solana is defending the $74-$76 support zone after briefly sweeping Monday’s low and recovering. The higher lows on the RSI suggest selling pressure is weakening, keeping the short-term bullish setup active.
$SOL four-hour chart. Source: Scient/X
The chart shows a swing failure pattern, or SFP, near support, where $SOL moved below the previous low but quickly returned above it. This often signals that sellers were trapped and buyers absorbed the liquidity below the level.
Holding above $75 could send $SOL toward $81 first, followed by resistance near $85-$89. A stronger breakout could bring the larger $93-$97 area into focus.
However, the setup depends on the current support remaining intact. A clear four-hour close below $74 would weaken the recovery, while losing $72.40 could expose $68.66 and $64.
Solana Tests Monthly Support as Buyers Fight for a Reversal
Solana is attempting to recover after briefly falling below the monthly open near $73.56. Holding this area could form a short-term bottom, but buyers still need to clear nearby resistance before the reversal gains strength.
$SOL one-hour chart. Source: TraderSZ/X
Price has moved back above the descending trendline and last week’s low, suggesting the breakdown may have trapped late sellers. However, $SOL remains below $75.62, which is the first level buyers need to reclaim.
A clean move above $75.62 could open the way toward $77.62 and $79.61. Stronger momentum would then bring $81.61 and last week’s high near $83.61 into focus.
The setup would weaken if $SOL falls back below the monthly open. Losing $73.56 could expose the $72 area and increase the risk of another move toward $70.