FX.co ★ Solana provides a technical bullish signal.

Solana price made a double bottom around $80 while now it has broken above the blue downward sloping resistance trend line and it is trading around $103. Price made a briefly new lower low at $74.53 relative to the $79.97 low.

Solana stock price is bouncing higher. This bounce has not confirmed a trend change. If bulls manage to defend recent lows, then we should expect price bounce towards the 38% Fibonacci retracement. The first key short-term resistance is at the 23.6% Fibonacci retracement at $121.90. Breaking above it will be an added bullish signal that could bring price towards $149.