Solana found support at $83.50 and corrected some losses. SOL price is now 
consolidating below $88.50 and might struggle to continue higher. SOL price 
started a decent recovery wave above $85 and $86 against the US Dollar. The 
price is now trading above $86 and the 100-hourly simple moving average. There 
is a rising channel forming with resistance at $88.50 on the hourly chart of 
the SOL/USD pair (data source from Kraken). The price could continue to move 
up if it clears $88.50 and $90.00. Solana Price Starts Recovery Solana price 
remained stable and started a decent recovery wave from $83.50, like Bitcoin 
and Ethereum. SOL was able to climb above the $85 level. There was a move 
above the 38.2% Fib retracement level of the downward move from the $93.63 
swing high to the $83.35 low. However, the bears remained active below $88. 
There is also a rising channel forming with resistance at $88.50 on the hourly 
chart of the SOL/USD pair. Solana is now trading above $86 and the 100-hourly 
simple moving average. On the upside, immediate resistance is near the $88.00 
level. The next major resistance is near the $88.50 level or the 50% Fib 
retracement level of the downward move from the $93.63 swing high to the 
$83.35 low. The main resistance could be $90. A successful close above the $90 
resistance zone could set the pace for another steady increase. The next key 
resistance is $92. Any more gains might send the price toward the $94 level. 
Another Decline In SOL? If SOL fails to rise above the $88.50 resistance, it 
could continue to move down. Initial support on the downside is near the 
$86.20 zone. The first major support is near the $85.00 level. A break below 
the $85.00 level might send the price toward the $83.50 support zone. If there 
is a close below the $83.50 support, the price could decline toward the $80 
zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD 
is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) 
– The RSI for SOL/USD is above the 50 level. Major Support Levels – $86.200 
and $85.00. Major Resistance Levels – $88.50 and $90.00.

Solana found support at $83.50 and corrected some losses. SOL price is now consolidating below $88.50 and might struggle to continue higher. SOL price started a decent recovery wave above $85 and $86 against the US Dollar. The price is now trading above $86 and the 100-hourly simple moving average. There is a rising channel &#8230;

Solana (SOL) Rebound Faces Major Test Near Key Resistance Zone

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for 20 years, and study budget-neutral reserve purchase plans.

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PRESS RELEASE. Victoria, Seychelles, May 21, 2026 — Bitget, the world’s 
largest Universal Exchange (UEX), announced today the start of its second-year 
partnership in support of the UNICEF Game Changers Coalition (GCC). The 
coalition, which has reached over 642,000 young people, parents, and teachers 
across eight countries since launch, is entering a new phase of […]

PRESS RELEASE. Victoria, Seychelles, May 21, 2026 — Bitget, the world’s largest Universal Exchange (UEX), announced today the start of its second-year partnership in support of the UNICEF Game Changers Coalition (GCC). The coalition, which has reached over 642,000 young people, parents, and teachers across eight countries since launch, is entering a new phase of &#8230;

Bitget Kicks Off Second Year Supporting UNICEF’s Game Changers Coalition, Backing Expansion into Financial Literacy and AI

Zcash (ZEC) has surged to its highest level since 2025, but the rally is now 
approaching a major technical barrier. While some analysts point to the first 
“constructive signs” in months, others warn of potential signs of exhaustion. 
Related Reading: European Commission Launches Crypto Rules Review As Euro 
Stablecoin Project Gains Support ZEC 110% Rally Faces Key Barrier Zcash has 
been among the crypto market leaders amid the recent volatility, rallying more 
than 21% over the past week and 110% over the past 30 days. Throughout May, 
the cryptocurrency has jumped from the $350 barrier to reclaim the $670 area, 
reaching a six-month high of $690 on Wednesday. Amid this performance, market 
observer Ali Martinez highlighted a multi-month horizontal channel that has 
been forming since October between the $192 and $698 level. After retesting 
the channel’s bottom in March, ZEC has jumped roughly 250% toward the upper 
zone of the channel, nearing a retest of the macro resistance. The analyst 
affirmed that the next step “is seeing whether buyers step in hard enough to 
force a breakout” from the crucial resistance zone. Nonetheless, he noted that 
Zcash may be showing signs of exhaustion as it approaches the “same resistance 
zone that triggered a major rejection back in November,” between $700 and 
$730. According to the post, ZEC’s TD Sequential is currently flashing a sell 
signal on the weekly chart while momentum indicators “are starting to look 
stretched again,” making it an important setup to watch. The 250% move from 
the bottom to the top of the channel was anticipated by a TD Sequential buy 
signal on the weekly chart, Martinez noted, asserting that the correction 
could be more significant since the sell signal has appeared in the weekly 
timeframe. He suggested that Zcash could see a 25% correction toward the $500 
area as the initial target, adding that a 45% drop toward the $380 support may 
follow if a deeper retracement occurs. “So, while both HYPE and Zcash remain 
in strong uptrends, they are also entering zones where risk increases 
significantly,” he warned. Zcash Shows ‘Constructive Signs’ While the price 
holds the December highs as support in the weekly timeframe, analyst Rekt 
Capital pointed out that Zcash is “showing initial Bull Flag tendencies 
similar to what developed a few weeks prior, with positive pressure building 
at $528.951.” Market observer affirmed that the recent performance is “the 
first opportunity to see whether ZEC can hold these levels in a durable way,” 
adding that “so far the early signs are constructive.” Continuing to hold this 
area would go against the prior failed retest and suggest a real shift in 
market dynamics, with buyers willing to accumulate here. He explained that if 
Zcash continues to retest the $698 resistance and produces shallower 
rejections, it would signal that the $700 physiological barrier is weakening, 
which could, over time, open the path for price discovery. Related Reading: 
XRP ‘Under Heavy Resistance’ After Key $1.50 Rejection – Is A Drop To $1 Next? 
Nonetheless, he noted that price stability at current levels is crucial, and 
continued weekly closes above the $530 area would confirm the shift in market 
dynamics from last year’s attempt. On the monthly timeframe, Rekt Capital 
affirmed that a close above $514 is also critical, as it marks the three-month 
resistance zone that capped its breakout attempts between late 2025 and early 
2026. “A Monthly Close above it, followed by a successful retest as new 
support, would be a compelling setup,” he concluded. Featured Image from 
Unsplash.com, Chart from TradingView.com

Zcash (ZEC) has surged to its highest level since 2025, but the rally is now approaching a major technical barrier. While some analysts point to the first “constructive signs” in months, others warn of potential signs of exhaustion. Related Reading: European Commission Launches Crypto Rules Review As Euro Stablecoin Project Gains Support ZEC 110% Rally &#8230;

Zcash (ZEC) Soars To Six-Month Highs After 110% Rally – Can It Break The $700 Barrier?

SpaceX&#8217;s commitment to fund its own power upgrades sets a precedent for tech 
giants, potentially reshaping corporate responsibility norms.
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The deactivation of Starlink terminals highlights the dual-edged nature of 
technology in warfare, impacting both military strategy and market dynamics.
The post Ukraine retakes 400 square kilometers after Russian Starlink 
terminals deactivated appeared first on Crypto Briefing.

The deactivation of Starlink terminals highlights the dual-edged nature of technology in warfare, impacting both military strategy and market dynamics. The post Ukraine retakes 400 square kilometers after Russian Starlink terminals deactivated appeared first on Crypto Briefing.

Solana (SOL) Rebound Faces Major Test Near Key Resistance Zone

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