SOLANA: Back in the Box, But Still Work to DoSOL / TetherUSBINANCE:SOLUSDTDukesMarketAnalysisBack Inside the Consolidation Following on from the monthly Fib chart I posted earlier, Solana has now moved back inside the former four-month consolidation box. 0.618 Fib Reached Price has reached the daily 0.618 Fib at $83.79, taken from the May to June swing, with the bulls so far struggling to push clearly above it. Initial Resistance Reclaimed The bulls have reclaimed the $76-$79 area, but this now needs to be protected as support if the recent recovery is to continue. Bearish EMAs Still Looming The 100/50-day EMAs remain bearishly crossed, although price is now hovering around the 100-day EMA. Still Work to Do For now, the bulls need to defend $76-$79 and get a clear break above $83.79. Do that, and the move deeper into the former consolidation becomes increasingly interesting. 75-Word Summary Following on from the monthly Fib chart, Solana has now moved back inside its former four-month consolidation and reached the daily 0.618 Fib at $83.79. The bulls have reclaimed the $76-$79 area, but the 100/50-day EMAs remain bearishly crossed and there is still work to do. Defending $76-$79 is the first task. A clear break above $83.79 would strengthen the bullish case and could open the door to a move deeper into the former consolidation.