Solana Holds Support For Higher Prices SOLUSDT SPOTBYBIT:SOLUSDTThe_Alchemist_Trader_Solana (SOL) continues to consolidate above the important $70 support level, with price action showing resilience despite recent market volatility. This region is technically significant as it aligns with both the 0.618 Fibonacci retracement and the Volume Weighted Average Price (VWAP), creating a strong area of confluence that buyers continue to defend. The ability to remain above this zone suggests demand is outweighing selling pressure and that the market is building a foundation for a potential continuation higher. Following its recent recovery, SOL has begun trading back within the current value range rather than breaking lower. This behaviour often signals a period of accumulation, where price consolidates before attempting the next directional move. As long as bulls continue holding the $70 region, the probability favours a gradual rotational move towards higher resistance. The next key technical objective sits around $87, representing the upper region of the current trading range. A sustained hold above support would strengthen the bullish outlook and increase the likelihood of price rotating towards this target over the coming weeks and months. While short-term pullbacks remain possible, the overall technical structure remains constructive. Until the $70 support, the 0.618 Fibonacci retracement and the VWAP are decisively lost, Solana continues to favour a bullish outlook with higher prices remaining the higher-probability scenario.