Solana has broken above a key range, but the rally is now running into a major resistance zone. If buyers clear $81-$84, bulls stay in control, but a rejection there could turn the breakout into a trap and reopen the path toward $49.
Solana Breakout Puts Bulls Back in Control
Solana is trading near $80 after breaking above an ascending triangle on the daily chart, with one analyst saying the move confirms a stronger bullish structure.
$SOL/$USDT daily chart. Source: Alpha Crypto Signal on X, TradingView.
The chart shows $SOL pushing above the former resistance zone around $73-$76. That area had capped price several times in June, making the latest breakout an important shift in momentum.
$SOL is also trading above key moving averages shown on the chart, including the 9-day EMA and 50-day SMA near the mid-$75 range. That adds support to the bullish case because buyers have pushed price back above short-term trend levels.
According to Alpha Crypto Signal, the breakout keeps the higher-timeframe setup constructive as long as $SOL remains above the former resistance zone. A retest of that area could become an important level for traders watching for confirmation.
The main risk is a failed breakout. If $SOL falls back below the $73-$76 area, the bullish setup would weaken and price could return to range-bound trading.
For now, the breakout is the key signal. Holding above former resistance would keep bulls in control and support the case for further upside.
Solana Short Setup Targets $49 if Resistance Holds
Solana has pushed into a key resistance zone, and one trader says the move could set up a larger short before the next major move develops.
$SOL/$USDT daily chart. Source: Always Win on X, TradingView.
The chart shows $SOL moving sharply higher from its June lows and testing resistance near the $81-$84 area. That zone is marked as the main rejection area, where sellers may try to regain control.
According to Always Win, this could become the “next big short” before Solana’s next broader move. The setup suggests the recent rally may be approaching exhaustion if buyers fail to break through resistance.
The downside target on the chart sits near $49. That level lines up with a lower support area marked by the orange horizontal line, making it the main bearish target if rejection begins.
However, the bearish setup depends on resistance holding. A clean move above the $84 area would weaken the short idea and suggest $SOL may be trying to extend the rally instead.
For now, the $81-$84 zone is the key area to watch. If Solana rejects there, the chart points to a possible move back toward the $49 support region.
Source: Original Article
