Solana (SOL) has rebounded above the $72 support level, showing signs of bullish momentum after a significant drop from $295 to $67. Crypto analyst Crypto Patel, who accurately predicted the decline, emphasizes the importance of the $72 support. If this level holds, it could signal a trend reversal, potentially leading to a long-term price range of $500–$1,000.
Crypto Patel's previous call to exit Solana at $250 proved timely, as the cryptocurrency fell 77% from its peak. The current rebound, supported by the 0.50 Fibonacci retracement, suggests increased buying pressure. Analysts note that maintaining support above $72 is crucial for continued upward movement, with potential for a bullish reversal if buyers dominate this zone.
Solana Rebounds Above $72, Analyst Predicts Bullish Momentum
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