Solana (SOL) is experiencing a rebound, trading at $83.69 after an intraday dip, as traders assess whether the recovery can sustain. The cryptocurrency is up 1.5% over the past 24 hours, with a daily trading range of $79.82 to $83.64, indicating healthy volatility. Trading volume remains robust at approximately $3.25 billion, with a market cap near $47.57 billion. Despite short-term gains, Solana remains in a broader downtrend, trading below key moving averages, including the 50-day EMA at $106.66 and the 100-day EMA at $124.18. Immediate resistance is seen near $90, with a potential breakout above this level possibly signaling a shift in momentum. However, a breakdown below $78 could lead to further declines toward $75. Momentum indicators suggest easing bearish pressure, but a decisive move above resistance is needed for a sustained rally.