Solana experienced a downward trend after facing resistance at the $104 level.
A morning star pattern at the $80 support, coinciding with the 38.20% Fibonacci retracement, signals a potential bullish reversal.
Despite positive signs, there's caution as the current upswing might be a retest of a triangle breakdown, indicating a possible secondary decline.
Overcoming resistance at $90 and $92 poses a challenge for SOL's price in the short term.
A failure to surpass the $90 or $92 resistance, along with the 50-day moving average, may trigger another downward move.
Presently, $SOL is trading at $88.18, supported by a bullish candle formed in the recent session.
According to Coingabbar's analysis, the #Solana price prediction 2030 hovers around $300, while the #Solana price prediction 2040 suggests a minimum price of $500.
KEY LEVELS :
RESISTANCE LEVEL : $92-$96
SUPPORT LEVEL : $86-$82
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