Solana Price Analysis — September 9

SOL has staged an ambitious rebound over the last 48 hours, jumping by 18% from the $30.50 range base to the $36.00 resistance.

While it has yet to break the $36.00 mark, the recent rebound highlights strong bullish momentum in the market ahead of the highly-anticipated Merge upgrade.

As we head into the weekend, we could see the bullish momentum subside into a sideways pattern and possibly resume in the coming week. As such, a breach of the $36.00 mark might stall a bit.

Meanwhile, my resistance levels are $36.00, $38.00, and $40.00, and my support levels are $34.00, $32.00, and $30.50.

Total Market Capitalization: $1.04 trillion

Solana Market Capitalization: $12.4 billion

Solana Dominance: 1.19%

Market Rank: #9