🚨
$SOL UPTREND CONTINUES! TESTING CRITICAL RESISTANCE! 🚨
The 4-hour chart for SOLUSDT.P is printing a textbook ascending channel, demonstrating strong bullish momentum as it grinds toward a major supply wall! 📈
🔥 The Chart
The Trend: SOL has established a robust, steady uptrend, perfectly respecting the ascending yellow macro trendline rising from the 66.00 region.
Current Price: Trading solidly at 82.07, hovering just below the short-term 4H EMA 5 (82.20), but well above major structural support levels.
The Support: The price recently bounced aggressively from the 76.06 green support line and sliced cleanly through the 79.20 cyan level, flipping it into immediate support.
🛠️ The Fundamental Catalysts:
The Solana network is experiencing elevated usage, with daily active addresses retesting yearly highs near 7 million as of mid-2026.
SOL's price crossed the $80 mark around July 1-2. This price action was driven in part by the total value of tokenized real-world assets (RWAs) on the network surpassing $2.5 billion.
Furthermore, the Solana Foundation has announced a partnership with MoonPay. This allows World Series of Poker players to buy in using Solana and receive winnings in stablecoins.
🎯 The Play:
The Hard Ceiling: Price is now approaching the major red supply zone at 83.19. A clean 4H close above this line is required to confirm a full breakout and continuation towards higher highs.
The Support Net:
If the red resistance holds and a rejection occurs, look for a retest of the 79.20 cyan line or a bounce off the rising yellow trendline to maintain the bullish market structure.
Strategy:
Avoid chasing into the immediate resistance. The high-probability setups involve waiting for a confirmed breakout above 83.19, or looking for healthy retracements toward 79.20 and the yellow trendline for safer entries.
#sol #solana #SOLUSDT! #cryptotrading $EPIC $HMSTR