Solana (SOL) shows renewed strength, trading at $88.66 with a 2.1% daily gain and a 51% surge in 24-hour volume to $5.63 billion. Analysts note a rebound from the $80 support, with potential resistance near $91-$92, and identify a possible long-term Cup and Handle pattern on monthly charts suggesting further bullish momentum.
Solana has demonstrated a strong recovery, currently trading at $88.66. The cryptocurrency’s 24-hour trading volume surged 51% to approximately $5.63 billion, indicating heightened investor activity.
Analyst BitGuru observed that SOL rebounded from the $80 support level. “If buyers continue to drive demand, SOL may challenge resistance between $91 and $92,” the analyst noted.
Technical analysis highlights a new impulsive wave following a corrective phase. Retracement levels for sustaining the uptrend are identified at $89.75, $88.83, $87.92, and $86.63, according to More Crypto Online. A breakdown below these supports could see a decline toward the $71.89–$77.89 range.
On longer timeframes, trader Tardigrade highlighted a textbook Cup-and-Handle pattern forming on SOL’s monthly chart. The pattern’s completion hinges on a breakout above the cup’s critical resistance level.
