SOL dey target $76/$90 after rebound — watch $60 support
Solana (SOL) dey recover after sharp sell-off, e dey trade around $71.5 and don up about 2.6% for the day. The latest move fit be recovery, but traders dey warned say e still fit just be relief rally inside bigger downtrend.
Important SOL/USD levels matter. $60 na main support. If e hold above $60, the recovery structure go still dey intact. Overhead resistance dey at $76, followed by $90.21, and $100 na major psychological target. Momentum dey improve but e never confirm: RSI(14) at 46.45 don rise from oversold but still under the 50 neutral line.
Bull case: If SOL break and hold above $76, and daily close pass $76, e fit open path toward $90.21 and maybe make people rethink $100.
Bear case: If e lose the low-$70s and especially if daily close go below $60, that one go invalidate the rebound. The next downside demand zone dey around $50–$55. Traders also suppose watch Bitcoin (BTC), because BTC direction fit decide whether SOL range go resolve up or down.
Neutral
Dis one mixed for SOL. Di rebound and di RSI wey dey improve dey show say selling pressure fit dey reduce, wey fit support short-term attempts to recover. But di bigger picture still bearish, and momentum still under di 50 neutral line—so no confirmed say reversal go last.
For traders, market reaction likely go depend on two triggers. If dem clearly reclaim $76 (and follow-up daily closes), e go turn di move into more durable bullish setup toward $90.21 and maybe $100. But if e lose di low-$70s and get daily close again below $60, outlook go sharply flip back to bearish, with $50–$55 as di next downside area. BTC direction na important external variable we fit determine which path SOL go follow.