Solana Price Analysis!!!

Solana is currently trading near 84.50 and has gained about 5 percent in the last 24 hours. The price first took strong support at 77 and then moved above 82. It also broke a bullish pattern on the hourly chart, which is a positive sign. Right now, the price is moving around 85 and trying to go higher.

From a technical view, the next resistance is between 85 and 88. If the price breaks above 88, it can move up to 93 to 95 in the short term.

On the downside, strong support is near 82.70 and then 80. If the price falls below 80, it may drop further to 75 or even 66. The RSI indicator is around 42, which means the market is neutral and can move in either direction.

There are some positive factors for Solana. The SEC and CFTC have now officially called Solana a digital commodity, which removes regulatory confusion. A new upgrade is also coming this month, which may make transactions much faster. Big companies like Goldman Sachs and BlackRock are also investing in Solana. In addition, real world asset activity on Solana has crossed 2 billion.

However, caution is still needed. Some investors are selling, and the price is still below important average levels, which shows the overall trend is weak. Always manage risk and avoid high leverage trading.

Thankyou and Thanks for your precious time