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Solana Price Prediction: Can SOL Reclaim Momentum Above $98?


Solana Price Prediction: Can SOL Reclaim Momentum Above $98?

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AI Overview

Solana is holding a rising support and bouncing off an 8-hour trendline as buyers test $95-$98, with RSI recovering from near 30 signaling cooling sell pressure and a short-term bullish structure while SOL stays above the trendline. However, the weekly EMA50 at $124 must be reclaimed to confirm a larger recovery toward $175-$200, and a weekly close below $83 would expose downside risk toward $60, a key consideration for crypto traders, token investors and DeFi participants.

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Solana is trying to hold rising support as buyers push toward the $95 and $98 resistance zone. A stronger recovery needs a weekly move above $124, while a drop below $83 could send SOL back toward deeper support.

Solana is trying to recover from rising support on the short-term chart, with $95 and $98 now acting as the first major tests for buyers. A stronger move needs a weekly reclaim of $124, while a loss of $83 would put deeper support near $60 back in focus.

Solana Holds Rising Support as $98 Target Comes Back Into View

Solana is bouncing from a rising trendline on the 8-hour chart, while the chart shared by Satoshi Flipper points to $98 as the next major resistance. The setup shows SOL holding a higher support structure after its latest 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 rising support.

SOL 8H Trendline Chart. Source: Satoshi Flipper on X

The RSI also bounced from the lower zone near 30, which shows selling pressure started to cool. That supports the idea of a recovery attempt, but SOL still needs follow-through.

The main upside level is the black horizontal resistance near $98. A clean move toward that zone would confirm that buyers are still defending the trend.

If SOL loses the rising trendline, the setup weakens. In that case, the next support area sits around $80 to $82, where price previously found demand.

Solana Faces $95 Test as Weekly EMA 50 Blocks Recovery

Solana is trying to rebound from the lower weekly range after dropping sharply from the $295 high area. The chart shared by Dami Defi shows SOL trading below the former support zone near $95, while the weekly EMA 50 at $124 remains the main recovery level.

SOL Weekly EMA 50 Chart. Source: Dami Defi on X

The first test is the $95 area. A move back above that zone would show that buyers are trying to reclaim lost support. However, that alone would not confirm a full trend shift.

The bigger level is $124, where the weekly EMA 50 now sits. SOL lost that level earlier this year, and the chart marks that breakdown with a red circle. Until SOL closes back above the EMA 50 on the weekly chart, the recovery remains limited.

If SOL reclaims $124, the chart points toward the next major resistance zone between $175 and $200. That area would become the main upside target after a confirmed weekly breakout.

If SOL loses $83 on a weekly close, the setup weakens again. In that case, the rising trendline near $60 becomes the next major downside level.

Read the article at Coinpaper

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In This News

Coins

$ 76.53

-1.52%

$ 76.55

-1.56%

Predictions Markets

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View analytics →
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