SOL Price Recovery Could Soon Fade If Solana Fails To Clear This Hurdle

SOL Price Recovery Could Soon Fade If Solana Fails To Clear This Hurdle

Solana is attempting a recovery wave from the $80 zone. SOL price could struggle to clear the $92 and $94 resistance levels in the near term.


  • SOL price started a fresh decline from the $104 resistance against the US Dollar.

  • The price is now trading below $95 and the 100 simple moving average (4 hours).

  • There was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).

  • The pair could start another decline if it fails to clear the $92 or $94 resistance.

  • Solana Price Faces Key Hurdles


    Solana price started a fresh decline like Bitcoin and traded below the $95 support zone. There was a clear move below the $92 and $90 support levels.


    Finally, SOL price found support near the $79 zone. A low was formed near $78.96, and the price is now attempting a recovery wave like price recovery could solana fails clear hurdle