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Solana price rebounds from three-year low but faces resistance near $75-$81 for recovery.

Technical Signals
08 Jun 2026
Crypto news
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Neutral
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Solana's price bounced back above $66 after hitting a three-year low near $60 amid a recent market selloff and heavy liquidations. The rebound was supported by reduced selling pressure and dip buyers returning, but investors remain cautious as Spot Solana ETFs saw net outflows and macroeconomic factors like strong U.S. economic data and rising Treasury yields weigh on sentiment. Key resistance levels between $75 and $81 must be overcome for a sustained recovery toward May highs near $95. Downside risks persist if support near $60 fails or if broader market conditions worsen, especially with Bitcoin's uncertain direction influencing Solana's prospects.

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