Solana (SOL) Recovery Faces Roadblocks, Can Bulls Push Through?

Solana found support at $77 and corrected some losses. SOL price is now consolidating above $80 and might aim for a steady increase. SOL price started a decent recovery wave above $80 and $82 against the US Dollar. The price is now trading above $80 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $80 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $82.80 and $85. Solana Price Starts Recovery Solana price remained stable and started a decent recovery wave from $77, like Bitcoin and Ethereum. SOL was able to climb above the $80 level. There was a move above the 50% Fib retracement level of the downward move from the $86.63 swing high to the $76.70 low. Besides, there was a break above a key bearish trend line with resistance at $80 on the hourly chart of the SOL/USD pair. However, the bears are active near $82.80. Solana is now trading above $80 and the 100-ho