Solana: Underside Retests Limit Cycle Upside
Solana holds $73.17 after underside retests as SOL climbs 10% from monthly lows while BTC gains 5-6% and ETH surges 20% in choppy consolidation.
SourceAnalysis
Solana records underside retests without fresh reclaims as price sits at $73.17. The token has gained 10% from its lowest weekly close a month ago while BTC advances 5-6% and ETH rises 20%.
Traders note limited downside yet equally capped upside in this cycle amid boring chop and competition for attention from the AI industry impact. Historical SOL price prediction patterns after similar retests show extended consolidation rather than sharp reversals.
On the 4h chart Solana trades inside the Bollinger Bands with price testing upper resistance near the EMA200 at $74.95 while RSI at 41.3 stays neutral and MACD prints a death cross at -0.32. The structure keeps price pinned below both EMA50 at $74.6 and EMA200, pointing to further sideways action before any directional move.
Pentoshi
@Pentosh1Builder at Beam and Sophon, advancing decentralized technology solutions.
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