Solana price is bouncing from $78 to $82 over the last few hours and price is facing a key short-term resistance area. At $82 we find the Kumo (cloud) resistance. The cloud resistance is extended from $82 to $86 so as long as price is inside this range, trend will be neutral. Above this range, we get a bullish signal.
With trend currently bearish as price is below the Kumo (cloud), Solana bulls are trying to change short-term trend to neutral at first by pushing price inside the cloud. A rejection here would be an added bearish sign. At $81.16 we find the short-term support by the kijun-sen (yellow line indicator). Bulls need to defend this level in order to hope for a bigger move higher.
