Cryptocurrency Solana fell below $ 88

The Solana cryptocurrency SOL $87.56 Binance-Peg SOL -5.00% Market capitalization $96.31 million VOL. 24 hours $0.25 billion has been under strong bear market pressure, but technical signals suggest a possible reversal. Currently, the token is trading at $ 88, and the $ 90 level is gradually forming as a key support.

Analysts note that this milestone has restrained the fall several times in recent weeks. If it holds, Solana could resume growth with a potential target of $ 120, which is almost 30% higher than current values. In case of a breakdown, the next support is expected at $ 77.

Technical indicators show a mixed picture: short timeframes signal stronger buyers, while individual oscillators remain cautious. Trading volumes have increased, indicating speculative interest, but online activity has declined, indicating fewer real transactions on the network.

The key level to confirm the recovery will be $ 96.47. Its breakout will open the way to $ 120, and then to $ 73,687 and $ 75,930. At the same time, a failure at this level could lead to a sideways movement or a new drop.

The further dynamics of Solana will largely depend on the general mood in the crypto market. A strong recovery in Bitcoin and Ethereum could support SOL’s growth, while their weakness could limit the token’s potential.