Solana showing serious resilience despite market-wide pressure. Currently trading at $84.59, holding at the top of the consolidation range ($81–$85). Here's what traders are watching:
Key Levels:
· Immediate Resistance: $86.92–$87.70 – Break above confirms momentum · Next Target: $98.76 if resistance clears · First Support: $82–$80 – First line of defense · Critical Support: $78–$80 – Must hold for bullish structure
Why SOL is Different:
· SOL ETFs saw inflows (+$6M) while ETH bled $130M · TVL remains strong at $6.5B+ · Firedancer upgrade live, Alpenglow (150ms finality) coming · Wallet creation up 5 months straight – accumulation signal
Risk Alert:
· $870M token unlock approaching – potential selling pressure · Price still below 20/50/200 MA – longer-term trend bearish · Break below $78 could trigger drop to $73–$75
Strategy:
· Aggressive: Wait for confirmed breakout above $87.70 · Conservative: Look for entries at $80–$82 support zone · Stop-loss: Below $80 for risk management
This is accumulation territory, not panic zone. Use the volatility.
What's your SOL play? Long-term hold or trading the range?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#SOLStandsStrong
SOLStandsStrong – Current Price: $84.59
Solana showing serious resilience despite market-wide pressure. Currently trading at $84.59, holding at the top of the consolidation range ($81–$85). Here's what traders are watching:
Key Levels:
· Immediate Resistance: $86.92–$87.70 – Break above confirms momentum
· Next Target: $98.76 if resistance clears
· First Support: $82–$80 – First line of defense
· Critical Support: $78–$80 – Must hold for bullish structure
Why SOL is Different:
· SOL ETFs saw inflows (+$6M) while ETH bled $130M
· TVL remains strong at $6.5B+
· Firedancer upgrade live, Alpenglow (150ms finality) coming
· Wallet creation up 5 months straight – accumulation signal
Risk Alert:
· $870M token unlock approaching – potential selling pressure
· Price still below 20/50/200 MA – longer-term trend bearish
· Break below $78 could trigger drop to $73–$75
Strategy:
· Aggressive: Wait for confirmed breakout above $87.70
· Conservative: Look for entries at $80–$82 support zone
· Stop-loss: Below $80 for risk management
This is accumulation territory, not panic zone. Use the volatility.
What's your SOL play? Long-term hold or trading the range?