Key Insights:
- SOL tests $79.50 support as Wave (2) extends, with potential rebound toward $83.49 and $90.
- Wider resistance levels to watch include $100.89, $107.76, and $112.17 for short-term momentum shifts.
- Solana’s RWA ecosystem grows 58.7%, reaching $1.1 billion, led by BUIDL and USDY projects.
Solana is showing cautious price movement near the $81.50 mark, as traders monitor the next support level. Traders are observing as Wave (2) continues to extend.
SOL key support levels
SOL is currently trading near $81.14 as the market tests key support levels. More Crypto Online noted that the $79.50 range is the next micro support to watch. The coin’s short-term chart shows price movement stuck within a narrow Fibonacci decision band.
Traders are observing the market closely as Wave (2) appears to be extending. Price has rotated between retracement levels, creating a compressed structure. A rebound above $81.80 could target $83.49 in the near term.
Price Action and Key Levels
On the 30-minute Binance SOLUSD chart, $81.80 acts as the near-term pivot while support clusters lie between $79.46 and $79.53. These levels represent the 78.6% and 100% retracement lines on the chart.
The analyst highlighted that if Solana price manages to hold above the $81.80 pivot and climbs back past $83.49, it could regain short-term momentum. Such a move may open the way for the coin to test higher levels, with immediate resistance around $90.
Beyond that, traders are observing wider resistance points near $100.89, $107.76, and $112.17. If the token fails to maintain the $79.50 support zone, the market could shift downward toward $78.04, $75.50, and $72.03, which may act as stabilizing points during further declines. Price rotation between nearby levels suggests a pressure setup, with bulls and bears testing key lines repeatedly.
Solana’s RWA Ecosystem Growth and price Movement
The Solana Real-World Assets (RWA) ecosystem reached $1.1 billion in the last quarter, marking a 58.7% increase. According to Messari, BUIDL leads the ecosystem at $255 million, while USDY follows at $179 million.
Solana Total RWA Value | Source: CoinGapeTrading volume remains strong, with $3.01 billion recorded over the last 24 hours. The live asset price is at $81.14, down 2.46% in the same period. Analysts continue to track both price and ecosystem development as traders wait to see if the token can defend support levels and regain upward momentum.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/sol-eyes-79-50-wave-2-continues-to-extend/
