Solana Holds Near $78 Support as Traders Monitor $98 Resistance

Solana (SOL) is trading at the lower boundary of its recent range, with analysts identifying the $78 level as a critical support zone. Crypto analyst Daan Crypto Trades noted that maintaining support around $78 would keep the current range intact and could allow the token to revisit its recent high near $98. The analyst warned that a clear break below this area would invalidate the support.

A separate analysis highlights a resistance zone between $79 and $85, where roughly 105 million SOL changed hands previously, creating selling pressure. If SOL breaks above this zone, technical targets of $100 and $127 are projected, while a decline could see the next support around $53. These technical levels are being closely watched by short‑term traders and institutional investors interested in the broader cryptocurrency market.