Solana (SOL) experienced a corrective pullback from the $77.75 zone, mirroring Bitcoin and Ethereum's movements. <a href="https://www.cryptoknowmics.com/news/crypto-strategists-forecast-big-surge-for-solana-sol/" target="_blank" rel="noopener">SOL</a> dipped below the $75 and $70 support levels but found strong support above $65. A low was established near $63.78, and the cryptocurrency is now striving for a fresh uptrend.

A notable uptick occurred above the $68 and $70 resistance levels, marking a nearly 10% increase. The price also surpassed the 50% Fibonacci retracement level of the downward swing from the $77.72 high to the $63.78 low. SOL is currently trading above $68 and the 100 simple moving average (4 hours), with a significant bullish trend line forming around $65.50 on the 4-hour chart.
<h2>Solana (SOL) Faces Resistance at $77.75, Uptrend Prospects Intact</h2>
Key resistance levels include $72.40, $75.00, and the crucial barrier at $77.75. A successful close above $77.75 could pave the way for a substantial rally towards the $80.00 and $85.00 levels. Conversely, failure to breach the $75.00 resistance might initiate a fresh decline, with initial support near $68.50, followed by the critical support at $65.50. A close below $63.50 may lead to a test of the $56.00 support.

Technical indicators show positive momentum, with the 4-hour MACD in the bullish zone and the RSI above 50.

Solana Price Resumes Rally: Potential 20% Pump

Solana's price surge resumes. Discover the factors driving the momentum and the potential for a 20% pump. 🚀💹 #SolanaPrice #CryptoNews

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Solana Price Resumes Rally: Potential 20% Pump

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