Solana (SOL) is showing early signs of a potential rebound as it consolidates near the $75 support level, with technical indicators hinting at weakening bearish momentum. Trader Symba noted a bullish divergence on lower timeframes, where SOL's price made lower lows while the RSI began to recover, suggesting selling pressure is fading around the $73–$72 zone.
The immediate hurdle is to reclaim $75 and then break above the $81–$82 resistance, which would confirm a shift in short-term momentum. Crypto analyst Celal Kucuker emphasized that a daily close above this area would signal the first technical confirmation of buyer strength, opening the path toward $95 and eventually the broader $120–$140 resistance zone.
On the longer timeframe, SOL is approaching its 10th consecutive red monthly candle—a streak that underscores persistent selling but also raises the possibility of seller exhaustion and an aggressive short squeeze. Analyst Gum highlighted the significant upside room to $140 if buyers regain control, while Whale Factor warned that the extended decline keeps the higher-timeframe trend under pressure.
Key levels to watch: support at $75 (loss could push SOL toward $70–$65), initial resistance at $81–$82, followed by $95 and the major reversal zone at $120–$140. Holding $75 is critical for the bullish divergence setup to remain valid, making August a potentially decisive month for SOL's direction.
