Overview
- Solana failed to hold above $88 and slipped to about $82.96 before steadying near the mid-$80s, leaving price confined to a tight intraday triangle.
- Sellers continue to defend the $87–$88 band, and a decisive close above that zone would likely reopen a run toward the recent $90.95 high.
- Maintaining $83 as support is crucial, because a close below that floor would raise the risk of a slide toward $80 and then $75.
- Short-term signals are mixed, with hourly MACD and RSI turning up while other readings flag caution, as shrinking volatility points to an imminent move.
- Crypto.news reports Solana Company raised $8 million from global investors to expand its treasury, a step that could translate into direct SOL purchases if pursued.