Solana Price Prediction: SOL Consolidates After 55% Drop, Is $98 Next?
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Solana (SOL) stabilizes near $85 following a significant drop from $148.88 to $67.78, indicating weak momentum in a corrective trend. To shift to a bullish outlook, bulls must reclaim the $90 level to target Fibonacci resistance zones of $98.76–$108.33.
- SOL stabilizes near $85, but momentum remains weak and trend is still corrective.
- Bulls must reclaim $90 to target $98.76–$108.33 Fibonacci resistance zones.
- Open interest contraction and cautious spot flows signal reduced speculative pressure.
Solana trades near $85 after a sharp correction from $148.88 to $67.78. The recovery on the 4-hour chart shows stabilization, yet momentum remains fragile. Price now hovers above short-term support between $83 and $85. Traders monitor whether this base can fuel a stronger rebound. However, broader structure still reflects a corrective phase rather than a confirmed trend reversal.
Trend Structure Signals Consolidation
The 4-hour trend shows gradual recovery from the $67.78 swing low. However, directional strength remains limited. ADX near 16 reflects weak trend momentum and favors range-bound action.
Besides, price s…
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Solana (SOL) Price Prediction: Can $86 Trigger a Breakout?
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Solana Price Prediction: SOL Consolidates After 55% Drop, Is $98 Next?
Share:
Solana (SOL) stabilizes near $85 following a significant drop from $148.88 to $67.78, indicating weak momentum in a corrective trend. To shift to a bullish outlook, bulls must reclaim the $90 level to target Fibonacci resistance zones of $98.76–$108.33.
- SOL stabilizes near $85, but momentum remains weak and trend is still corrective.
- Bulls must reclaim $90 to target $98.76–$108.33 Fibonacci resistance zones.
- Open interest contraction and cautious spot flows signal reduced speculative pressure.
Solana trades near $85 after a sharp correction from $148.88 to $67.78. The recovery on the 4-hour chart shows stabilization, yet momentum remains fragile. Price now hovers above short-term support between $83 and $85. Traders monitor whether this base can fuel a stronger rebound. However, broader structure still reflects a corrective phase rather than a confirmed trend reversal.
Trend Structure Signals Consolidation
The 4-hour trend shows gradual recovery from the $67.78 swing low. However, directional strength remains limited. ADX near 16 reflects weak trend momentum and favors range-bound action.
Besides, price s…
Read The Full Article Solana Price Prediction: SOL Consolidates After 55% Drop, Is $98 Next? On Coin Edition.
In This News
Coins
Funds
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In This News
Coins
Funds
Share:
Read More
Solana (SOL) Price Prediction: Can $86 Trigger a Breakout?