Solana: $75-77 Support Eyes $120 Continuation

Solana holds $80.6 after reclaiming range structure, setting up the pullback scenario outlined by @CryptoMichNL.

Traders now watch the $75-77 zone as the decisive line where any breach risks deeper correction while a hold opens the path to $100 and $120 over coming weeks.

Price sits above the EMA50 at $77.76 and EMA200 at $75.37 on the 4h chart, creating layered support that aligns with the tweeted thesis; the neutral RSI at 54.83 leaves room for continuation, yet the MACD death cross at 1.13 signals short-term momentum loss as SOL trades inside Bollinger Bands with upper resistance at $83.1 and lower support at $79.89, pointing to a likely retracement toward the 50-EMA before any fresh leg higher.