Solana Price Holds Trendline Strength Ahead of Potential Breakout

Solana's price action has been closely watched by traders as it attempts to break out of its recent trendline. The cryptocurrency has formed a rounded base on its daily chart, suggesting a potential recovery setup. However, the breakout above $100 remains elusive.

The SOL/USD chart shows price trading near $85, having moved sideways for several weeks between the lower range near $70-$75 and resistance near $95-$100. If Solana can break and hold above this zone, it could open up the way for a stronger recovery, with the next major supply area around $145-$155 potentially coming into play.