Solana found support at $82.50 and corrected some losses. SOL price is now consolidating above $85 and might aim for a steady increase.
SOL price started a decent recovery wave above $84 and $85 against the US Dollar.
The price is now trading above $85 and the 100-hourly simple moving average.
There is a bullish trend line forming with support at $85.00 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could continue to move up if it clears $85.80 and $88.00.
Solana Price Starts Recovery
Solana price remained stable and started a decent recovery wave from $82.50, like Bitcoin and Ethereum. SOL was able to climb above the $85 level.
There was a move above the 50% Fib retracement level of the downward move from the $87.74 swing high to the $82.74 low. Besides, there is a bullish trend line forming with support at $85.00 on the hourly chart of the SOL/USD pair.
However, the bears are active near $85.80 and the 61.8% Fib retracement level of the do
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