$SOL appears to have confirmed a false break of the $77.50–$78.50 support zone followed by a successful retest. This type of price action often suggests a local bottom has been established as liquidity was cleared
Key levels to watch are as follows:
Support: $77.50–$78.50 (Currently holding as a confirmed level)
Resistance: $83.00–$85.50 (This serves as the next resistance zone)
Primary Target: $83.00–$84.50
From a technical analysis perspective $SOL is now rotating toward that overhead resistance and the overall wedge structure remains intact. The setup indicates a validated breakout potential with the immediate target around $84.00+ on this current price rotation
The trend remains bullish as long as structure holds above $77.50 and a daily close below that level would invalidate the setup.
#Solana #SOL #TechnicalAnalysis