Solana Tests $83 Resistance as Analysts Identify Technical Levels

Solana (SOL) is testing a resistance zone between $77.50 and $83, according to technical analysis from analyst Molchanov Andrey, while MCO Global identifies the $98.50 level as a key threshold. The cryptocurrency remains in a technical setup following its recovery from a June low, with analysts examining chart patterns on six-hour and daily timeframes. Both analysts view the current price action within the context of broader technical structures, with multiple support and resistance levels identified across different price ranges.

Molchanov Andrey Identifies $77.50-$83 Resistance Zone

Molchanov Andrey's six-hour chart analysis shows SOL consolidating inside a tightening structure after recovering from its June low. The analyst identifies a major resistance zone between $77.50 and $83 where price is currently testing.

The chart shows price remaining above an ascending trendline with repeated tests around the current resistance zone. Molchanov Andrey identifies Fibonacci support levels near $73.89 and $71.55, followed by $68.28. The analyst also identifies a broader target zone between $62.22 and $60.03.

Additional technical levels identified in the analysis include $87.90 and $94.26 as resistance points above the current price action.

MCO Global Highlights $98.50 as Key Technical Level

MCO Global's daily chart analysis identifies SOL as remaining inside a broader downtrend structure. The analyst identifies immediate resistance at $82.26, followed by $89.41 and $93.99, with $98.50 marked as a stronger resistance level.

The analysis identifies $64.30 as a confirmation level, corresponding to the late-June swing low. MCO Global identifies downside technical targets at $48.80 and $43.22, with a longer-term support region around $31.95.

The analyst describes the current recovery as appearing corrective rather than a confirmed reversal while price remains below $98.50.

FAQ

What resistance levels did analysts identify for Solana?

Molchanov Andrey identified a resistance zone between $77.50 and $83, while MCO Global identified resistance levels at $82.26, $89.41, $93.99, and $98.50.

What support levels did the analysts highlight for SOL?

Molchanov Andrey identified Fibonacci support levels at $73.89, $71.55, and $68.28, with a target zone between $62.22 and $60.03. MCO Global identified $64.30 as a key confirmation level, with additional technical targets at $48.80, $43.22, and $31.95.