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Solana continues to move the market this week. The SOL price is hovering around $85, after an interesting recovery from lower levels. Traders are watching two key zones: above in the $108 where there is strong resistance, and below in the $80 where buyers are defending the floor.
Looking at the chart, SOL is within a well-defined bullish channel. The deepest support is at $49, but the most immediate levels that matter now are $80-81. If Solana's price drops cleanly below $80, that could shift the game toward a bearish trend. Meanwhile, the next resistance is between $87.87 and $89.75, so if it breaks that zone, bulls would have more room to run.
Market numbers show there is interest. The price of Solana is moving with increasing volume, the market cap is close to $49.1 billion with about 575 million tokens in circulation. That indicates investors are still paying attention. The 24-hour change is -0.23% and last week it dropped 4.06%, so after previous gains, we are now in a consolidation zone. Traders are waiting for confirmation that the bullish momentum is still alive or if we need to look for deeper supports at $75 y $71.