SOL Price Watch: Can Solana Break $80 Resistance This Week?

Solana (SOL) price is testing the next upside trigger after recovering to around $78. SOL has to close above $80 to confirm a breakout; repeated failures below $80 and caution from a recent BONK governance attack still weigh on sentiment. At press time, SOL traded near $78.03. It defended support around the mid-$70s, but remains below the earlier $82–$84 supply zone. A daily close above $78.92 would clear a key prior support flip, while $80 is the psychological level required for confirmation. If bulls break higher, the next target area is roughly $82.5–$84, then $90 and possibly the prior range high near $97.6. Risk levels are clear on the downside. Losing support near $75.55 would expose $72.5, with the June range floor around $67. Technical signals are mixed-to-positive: SOL is above major moving averages on the 4-hour chart (20/50/100/200), and 4-hour MACD remains above its signal line, though momentum follow-through is not yet strong. Derivatives add a potential catalyst for a fast move. CoinGlass liquidation heatmaps show dense short-liquidation bands around $78.5, $79.2 and $80.6—meaning a push through $79 could force liquidations and accelerate buying. However, negative Chaikin Money Flow (-0.02) suggests inflows have not fully caught up. Fundamental overhang: confidence fell after an attacker drained nearly $20M from the BonkDAO treasury by buying about $4.4M of BONK, passing a proposal with ~99.9% approval. The Solana base layer was not compromised, but governance safeguards were criticized. Broader macro remains a hurdle: rising oil prices and a stronger dollar can pressure speculative assets. For traders, SOL price action around $80 is the near-term decision point.