Solana’s charts are showing persistent weakness in both short- and long-term time frames, raising concerns that prices could fall further if the current selling pressure continues. Technical signals suggest the cryptocurrency may soon lose its current support range, with monthly indicators also highlighting unresolved resistance points. In the current environment, traders are closely watching for any decisive moves that could determine Solana’s next direction.
Ongoing short-term pressure under $86
On the 4-hour SOL/USDT chart, Solana’s price has been fluctuating within a wide range. Despite some recovery efforts following a steep drop at the beginning of the year, the resistance area between $86 and $88 has proven difficult to overcome. Every recent attempt to break above this level has triggered selling, and the latest rally once again faltered below this resistance zone.
The price currently sits in the mid-to-upper band of its range, a technical setup that increases the potential for downward movement. According to technical projections, a break below the nearest support levels could open the way for a test of the horizontal support around $67.
If the $67 level does not hold, Solana may see a deeper pullback, possibly dropping below $60. Repeated failures at resistance have increased pressure on support levels, strengthening the case for further declines.
As long as the price remains under the $86 to $88 range, the bearish scenario remains valid and support levels continue to be under pressure.
Key long-term support at $49
Looking at the monthly chart, a broader structure is evident. Analyst Ali Charts notes that Solana is still trading within a rising channel, despite short-term volatility. In this setup, $108 stands out as a major resistance level, while the $49 region is seen as a crucial long-term support.
Solana is currently trading near $81.85, after recently failing to sustain levels around $107.77. This indicates that upward momentum is limited and the market has yet to make a convincing breakout.
Should the price continue to trend downward, the $48.95 mark could become a critical threshold. Historically, this area has acted as a key balance zone and will likely serve as a focal point in determining whether buyers step back in.
Even so, it may be too early to declare a complete breakdown of Solana’s long-term rising trend. As long as the price remains below the $108 resistance, however, upward potential appears limited and downside risks remain prominent.
