Solana surged +7.82% today and moved away from the US$60 low to reach US$72 in less than 30 days. Those who panicked at the bottom are now watching the rebound from the outside.
The daily chart shows something important: today’s volume is above the 5- and 10-day averages, confirming that this rally has real buyers behind it—not empty speculation. The MA(7) at US$70.79 has been broken, and the price is above it for the first time in weeks. When price crosses the short-term average with high volume, it’s a sign that the move has strength. The closest resistance now is the MA(25) at US$69.22, which $SOL is already testing. If it holds above that level at today’s close, the next target is the US$83 area, where the MA(99) sits.
SOL still remains down 50% over the last year and is 76% below its all-time high of US$294. But the network processes 98 million transactions per day, Standard Chartered keeps a price target of US$250 through the end of 2026, and the Bitwise BSOL ETF has already absorbed more than 1% of the total circulating supply. The fundamentals didn’t disappear. What was wrong was the price. Did you take advantage of this recovery, or are you still waiting for SOL to come back to US$60 to buy? Comment below 👇🔥
#Solana #SOL #BinanceSquare
The daily chart shows something important: today’s volume is above the 5- and 10-day averages, confirming that this rally has real buyers behind it—not empty speculation. The MA(7) at US$70.79 has been broken, and the price is above it for the first time in weeks. When price crosses the short-term average with high volume, it’s a sign that the move has strength. The closest resistance now is the MA(25) at US$69.22, which $SOL is already testing. If it holds above that level at today’s close, the next target is the US$83 area, where the MA(99) sits.
SOL still remains down 50% over the last year and is 76% below its all-time high of US$294. But the network processes 98 million transactions per day, Standard Chartered keeps a price target of US$250 through the end of 2026, and the Bitwise BSOL ETF has already absorbed more than 1% of the total circulating supply. The fundamentals didn’t disappear. What was wrong was the price. Did you take advantage of this recovery, or are you still waiting for SOL to come back to US$60 to buy? Comment below 👇🔥
#Solana #SOL #BinanceSquare