Solana continues to trade below major resistance levels, with analysts highlighting persistent risk for a renewed decline. The current rebound in SOL is viewed by several market observers as corrective, rather than the start of a sustained uptrend. If resistance holds, Solana could revisit previous support levels and potentially approach $60 in the coming sessions.
Solana tests resistance, $60 target remains in focus
Solana is currently navigating a critical resistance area between $77.50 and $83. Analyst Molchanov Andrey, who tracks market structure and price action, warned that sellers could become more active within this zone. According to Andrey, a failure to clear these resistance levels may keep Solana vulnerable to a drop toward the $62.22 to $60.03 range.
Solana must establish support above $83 to confirm further upside, while repeated rejections in this area continue to signal weakness and the potential for another move down to the $60 region.
The six-hour price chart shows Solana consolidating above an ascending trendline after a recovery from its June lows. However, attempts to break above the current resistance have so far fallen short, indicating that buyers have not yet secured a crucial breakout.
A temporary rally above $83 could lift SOL toward $87.90, as the market targets liquidity above recent highs. However, without sustained buying and support above this level, analysts believe any advance may remain short-lived. In the event of another rejection, Fibonacci support near $73.89 and $71.55 could become critical. Falling below that range may open the way for losses toward $68.28 and the broader $60 zone.
Should Solana manage to break above $87.90 and establish that area as support, attention would likely shift to the next resistance at $94.26. For now, the asset remains at a pivotal junction, with resistance continuing to restrict any significant recovery. A drop below the rising trendline could serve as confirmation that a new corrective phase is underway.
Recovery stalls as Solana remains in broader downtrend
Broader technical patterns suggest that Solana’s latest rally may not signal the start of a true reversal. According to MCO Global, the coin’s strength could be limited to a short-term bounce. The analytical firm explained that as long as SOL trades below $98.50, the risk of renewed decline persists and the market structure remains bearish.
While a push to the $98.50 resistance is possible, Solana faces considerable selling interest at every major level below that threshold, making a sustained breakout challenging without further bullish conviction.
Immediate resistance is located at $82.26, $89.41, and $93.99. A clear break above these thresholds could accelerate recovery efforts toward the major $98.50 level. Conversely, if Solana loses support at $64.30, the late June swing low, this would likely confirm that the correction is resuming. Downside objectives in that scenario include $48.80 and $43.22.
| Price Level | Type | Potential Outcome |
|---|---|---|
| $77.50–$83 | Immediate resistance | Rejection could fuel drop to $60 |
| $83 | Breakout trigger | Temporary upside to $87.90 possible |
| $89.41, $93.99 | Additional resistance | Clearing boosts chance at $98.50 |
| $64.30 | Key support | Break opens path to deeper losses |
| $48.80, $43.22 | Downside targets | Bears may push SOL lower if trend continues |
Should the price make a sustained move above $98.50 and use it as a new support, bearish pressures could ease, prompting a reassessment of market direction. Otherwise, analysts argue that the coin remains at risk of further losses, especially if the $64.30 threshold fails to hold.
Solana, a high-performance blockchain platform designed for decentralized applications and crypto projects, continues to face uncertainty as traders monitor key support and resistance zones for short-term direction.
Mini dictionary: MCO Global, a digital assets analysis firm, specializes in providing technical and on-chain insights for cryptocurrency traders and institutional investors.
