Solana is trading at $75.3, a level trader @Pentosh1 flags as a clean pivot that could cap downside while keeping most of any upside intact. The 4h chart shows price testing lower Bollinger support at $75.33 under a bearish trend, with the EMA50 at $77.79 acting as resistance.
Trader @Pentosh1 identifies $75.3 as a clean pivot for Solana, a structure he reads as a spot to limit downside while capturing the bulk of any rebound. He notes that many tokens have already retraced roughly 50% from last week’s lows off the move.
The setup sits inside a bearish trend. On the 4h chart, price is testing the lower Bollinger Band support at $75.33. Above it, the EMA50 at $77.79 stands as resistance, and the MACD death cross at -0.74 points to weakening momentum.
Because of that momentum picture, the chart points to a probable retest of the EMA50 before any continuation. That continuation is expected in tandem with BTC price action.
Source: blockchain.news (snippet-based)
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