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🟣 Solana Price Prediction: Can SOL Regain Momentum Above $98?
Solana is working to maintain upward support, with buyers pushing toward the resistance zones at $95 and $98. To achieve a stronger rebound, it needs to rise more than $124 weekly, and if it falls below $83, SOL could be pulled back to deeper support levels.
Solana is attempting to recover from short-term chart support, with $95 and $98 now serving as the first major tests for buyers. A stronger move requires reclaiming $124 weekly, and a drop below $83 would shift focus to deeper support near $60.
🔸 Solana Maintains Upward Support, $98 Target Re-enters View
Solana is bouncing off the upward trendline on the 8-hour chart, with the chart shared by Satoshi Flipper showing $98 as the next major resistance. This setup indicates that SOL has maintained a higher support structure after the recent pullback.
The price recently tested the trendline and reacted from that area. This keeps the short-term bullish structure active as long as SOL stays above the upward support.
The RSI also rebounded from the low near 30, indicating selling pressure is beginning to weaken. This supports the idea of a rebound attempt, but SOL still needs further follow-through.
🔸 Solana Faces $95 Test, Weekly EMA 50 Hinders Rebound
Solana is trying to rebound from the lower part of the weekly range, after a sharp decline from the high of $295. The chart shared by Dami Defi shows SOL trading below the previous support zone at $95, while the weekly EMA 50 at $124 remains the key level for a rebound.
The first test is the $95 zone. A rebound to this area would indicate buyers are attempting to regain lost support. However, this alone is not enough to confirm a full trend reversal.
The larger level is $124, where the weekly EMA 50 is currently located. SOL lost this level earlier this year, with the breakdown marked by a red circle on the chart. Until SOL reclaims the EMA 50 on the weekly chart, the rebound remains limited.