Solana Eyes Fresh Upside as $81.25 Break Could Unlock $98.40

The pair has continued to form a new uptrend since the beginning of last month. However, the price has now reversed from 81.25 (Murray level [6/8]) and is attempting to develop a downward correction. The key level for sellers remains 75.00 (Murray level [4/8]), located below the middle line of the Bollinger Bands. A breakdown below this mark could signal a reversal of the current uptrend and trigger a decline towards 68.75 (Murray level [2/8]), 62.50 (Murray level [0/8]) and 56.25 (Murray level [-2/8]). The most important level for buyers remains 81.25 (Murray level [6/8]). A consolidation above it could lead to renewed growth towards 93.75 (Murray level [+2/8]) and 98.40 (the area of three-month highs). Technical indicators suggest that the pair may continue rising. The Bollinger Bands are directed upwards. The MACD histogram is declining but remains in positive territory. The Stochastic oscillator has reversed upwards from the oversold zone. It is also worth noting that the weekly chart shows an attempt to reverse the long-term downtrend. The Bollinger Bands have turned horizontal after declining, while the Stochastic oscillator has reversed upwards. This makes a renewed rise in prices more likely.