Solana (SOL) climbed 4.6% during Monday trading but failed to break above the 20-day Simple Moving Average. The move left the cryptocurrency in neutral territory as momentum indicators flattened. Traders now fixate on a $74.77 closing price threshold that could trigger a run toward $81.
Critical $74.77 Threshold
A close above $74.77 is the make-or-break level for SOL’s next move. That specific price point could unlock upward momentum toward $81. Without clearing it, Monday’s 4.6% gain looks like a false start. The 20-day SMA continues blocking SOL’s path higher.
Neutral Momentum Takes Hold
The MACD indicator has flatlined at zero, showing neither buying nor selling pressure is dominating. This stagnant momentum means SOL lacks directional conviction. Traders won’t get clear signals until price action breaks through current levels. The market’s waiting game continues.
Next Support and Resistance Levels
If SOL drops, $65 becomes the immediate support level to watch. A breakout above $74.77 could send it surging toward $85. Both $65 and $85 represent the next key directional markers. The current price action sets up a clear choice between these two extremes.
Traders will watch Tuesday’s close to see if SOL holds above $74.77. A failure to stay above that mark could push it toward $65 by week’s end.
