Solana (SOL) is approaching a pivotal technical level after posting one of its strongest recovery attempts in recent weeks. Following a sharp rebound from the June lows near $60, SOL regained both its 20-day and 50-day exponential moving averages (EMAs), signaling improving market sentiment. However, the rally has slowed as the cryptocurrency struggles to overcome resistance at the 100-day EMA, currently positioned around $81. The latest price action shows sellers defending the 100-day EMA, preventing Solana from confirming a broader trend reversal. Even so, the overall chart structure… Read more
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