Solana

Altcoin

Sherpa

<p><a href="https://en.coin-turk.com/analysts-predict-solana-price-movements/" rel="noopener noreferrer nofollow">Solana</a> has rebounded sharply following its drop to $60 earlier in June, gaining approximately 23% to trade near $74. This recovery, which followed a pronounced sell-off at the start of the month, has renewed speculation about the cryptocurrency’s next direction. In the past 24 hours, SOL recorded a 3.08% uptick, while trading volume hit $1.89 billion and its market capitalization stood at $42.96 billion.</p>
<h2 id="key-technical-signals-and-resistance-zones">Key technical signals and resistance zones</h2>
<p>Crypto analyst Ali Charts recently highlighted that the TD Sequential indicator flashed a buy signal last Friday, propelling SOL from $68.46 to $74.27 — an 8.40% increase. However, Ali warns that a new sell signal has now emerged on the 4-hour chart, with strong resistance appearing around $74.65. At the same level, the 4-hour 200 simple moving average sits at $75, further strengthening the resistance zone.</p>
<p>Glossary: The TD Sequential is a technical indicator used to identify potential reversal or exhaustion points in price trends. Investors typically use it in combination with support, resistance, and volume data, rather than as a standalone tool.</p>
<blockquote>
 <p>According to Ali Charts, the range between $74.65 and $75 represents a dense resistance area. If price faces rejection from this level, it could first revisit $71, while a deeper correction might see it return to $68.46.</p>
</blockquote>
<p>On-chain data shared by the same analyst shows that roughly 600,000 SOL were recently transferred to centralized exchanges. Such large inflows may signal that some investors are preparing to sell or hedge their positions, raising concerns about short-term downside pressure on SOL.</p>
<h2 id="significance-of-the-73-threshold">Significance of the $73 threshold</h2>
<p>Between February and May, the $73 mark acted as a crucial support for Solana. Following the decline in June, once this level was breached, it turned into resistance. A daily close above $74 could be interpreted as the recent drop being merely a temporary trap. In contrast, failure to sustain current levels might put the $60 level back into focus.</p>
<p>The Relative Strength Index (RSI) plunged to 21 during June’s sell-off, indicating oversold conditions. It later rebounded to 48.45, with the signal line at 39.77. Analysts suggest this setup could precede a more pronounced price move.</p>
<h2 id="analysts-views-on-resistance-and-support-zones">Analysts’ views on resistance and support zones</h2>
<p>Analyst BitGuru points out that SOL has rebounded from an area historically associated with heavy selling, suggesting buyer accumulation rather than prolonged weakness. Meanwhile, Altcoin Sherpa remains cautious, advising investors not to rush into new long positions unless SOL decisively reclaims $77 or the structural outlook changes.</p>
<p>On the upside, the 50-day simple moving average for SOL is at $79.85. Breaking above this barrier could open the way toward the $82 to $90 range. Conversely, losing the $73 support puts the $67 to $68 area as the next support band, with a daily close below $60 pointing to a stronger base at $50.</p>
<p>Currently, SOL is testing resistance near $74.65. The simultaneous appearance of a short-term sell signal and significant inflows to exchanges suggest the coin may enter a period of consolidation or sideways movement before its next decisive price action.</p>
<p>The post <a href="https://en.coin-turk.com/solana-rose-23-from-june-lows-to-74-as-analysts-warn-of-resistance-near-75/" rel="noopener noreferrer nofollow">Solana rose 23% from June lows to $74 as analysts warn of resistance near $75</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana rose 23% from June lows to $74 as analysts warn of resistance near $75

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