Solana Tests Channel Support After Sharp Rebound
Photo: CryptoNewsLand
SOL bounced from the lower channel line, but buyers still need to push through nearby resistance. Fibonacci levels at $100.69 and $95.57 could come into play if the recovery loses ground. The cancelled Shanghai event remains unexplained, with no confirmed link to SOL’s recent price movement. Solana has rebounded from the lower boundary of its rising channel, leaving traders watching resistance for clues about its next move. SOL Bounces From the Lower Channel Line More Crypto Online noted that SOL had turned upward after touching the yellow lower trendline of its rising channel.
Source: CryptoNewsLand
