Sentiment: Positive
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Solana (SOL) Price: Breaks Five-Week Downtrend as $83 Target Comes Into View
By Trader Edge at 2026-08-11 04:38
Sentiment: Positive
TLDR Solana rose nearly 7% from its Aug. 7 low of $72.49, reaching $77.36 and breaking a five-week descending channel. The 4-hour Supertrend indicator flipped bullish at $75.02, supporting the breakout structure. Liquidation clusters near $78–$80 could push SOL higher if buyers hold current levels. Two governance proposals (SIMD-0550 and SIMD-0553) could reduce SOL’s future [...] The post Solana (SOL) Price: Breaks Five-Week Downtrend as $83 Target Comes Into View appeared first on CoinCentral. Continue reading...
Categories: Analysis
Tags: #Analysis
Source Coin Central