Solana (SOL) is trading at $77.01 after a recent pullback, holding above the critical $74–$75 support zone. Analyst BitGuru noted that while many investors became pessimistic, the current level could be a key point for a rebound toward $80–$84. Technical indicators show the price near the middle Bollinger Band at $76.73, with the lower band at $68.57. The MACD suggests declining positive momentum. If support fails, the next major level is near $68.57. The next trading periods are crucial for determining Solana’s direction.
Solana price has fallen into an important support area following its recent correction. At the time of writing, SOL is trading at $77.01, up 1.74% over the last 24 hours, with daily trading volume reaching $3.87 billion and a market capitalization of $44.79 billion, according to CoinMarketCap data.
A well-known crypto analyst, BitGuru, published his thoughts on July 14, noting that many investors became pessimistic about SOL following its price drop. “However, according to BitGuru, the current Solana price level might be a key point.” The price range of $74–$75 has become a key support region, and staying above this level could return upside momentum toward $80–$84. Failure at support could see the coin heading downwards.
From a technical point of view, Solana is trading at $77.01, near the middle Bollinger Band of $76.73. The higher band is at $84.89, while the lower band is at $68.57, indicating low volatility. The MACD line at 0.9160 is below the signal line of 1.2750, with a negative histogram value of -0.3590, suggesting declining positive momentum.
The importance of the current support zone lies in determining future trend direction. If SOL continues to trade above $74–$75, market participants may feel more confident and attempt to push the price above $80. However, should support fail, focus will shift to the lower Bollinger band around $68.57 as buyers seek to re-enter. The next couple of trading periods are deemed crucial for Solana price.
