Can Solana Bulls Push SOL Back Over $80 This Week?

Solana is trading inside a steady recovery channel after bouncing back from its June lows. While the popular altcoin has faced some friction near the $79 resistance level, buyers are starting to show renewed interest.

Traders are keeping a close eye on momentum indicators like the MACD, which is currently hinting at a bullish crossover. On top of that, a large cluster of short liquidations sits just above the current price, meaning a quick spike could trigger a short squeeze and rapidly drive the price higher.

If buyers can push SOL past the $79 barrier, the path to $80 and beyond looks clear. However, if the resistance holds, expect Solana to consolidate a bit longer before making its next major move.