Solana (SOL) Price: Bulls Are One Close Away From a Breakout — Here’s What’s Stopping Them

SOL trades near $78, recovering 5% from its July 18 low. A close above $80 is needed to confirm a breakout toward $82–$84. Short liquidation clusters near $79–$80 could trigger a short squeeze. The BONK governance attack drained $20M from BonkDAO treasury, denting ecosystem confidence. A drop below $75.55 would expose SOL to $72.50.