BULLISH 📈 : Solana Rebounds 10.3% Breaking Past $85 in Market Recovery

Solana (SOL) has recently bounced from a key trendline, temporarily reclaiming a crucial horizontal level amid market recovery.

Key Points

Solana experienced a 10.3% increase, surpassing the $85 mark, after hovering between $78-$88.
SOL briefly dipped to $67 due to market volatility but has rebounded above the $80 level.
Analysts suggest that maintaining above $80 could lead to a short-term recovery towards $88.
A breakout above the current resistance may target the $90-$96 zone.
Solana is retesting its two-year descending trendline, historically marking reversals and correction bottoms.

Some analysts warn of a potential drop to $50 if selling pressure increases.
Failing to hold the $77-$78 range could see a decline to historical support around $51.
The market cycle phases suggest Solana's bottom could reach around the $40 area.

Currently, Solana trades at $84.17, a 2.5% weekly decline.