Solana Price Prediction: Downside Risk Mounts Toward $70 Support
Solana price prediction remains mixed as charts point to downside risk near the mid-$70 area. The article cites two different technical views.
Crypto Patel’s 2-week SOL/USDT chart shows a sharp pullback from the ~$250 all-time-high zone, with an estimated ~77% drop. He highlights support around the 0.618 Fibonacci retracement near $52.11 and an entry/support band between roughly $75 and $45. SOL is shown around $82.62, with a nearby watch level around $74.72. Patel frames weakness as a potential accumulation phase and calls for upside targets at $500 and $1,000, but stresses the major resistance ($200–$250) has not been reclaimed.
Separately, More Crypto Online’s 1-hour chart suggests Solana broke down after losing an upward-sloping support line, described as part of a downside “wave 3.” Resistance is marked around $84.85–$87.71, while the key demand zone sits around $71.91–$77.91. The breakdown implies short-term structure is still weak, and traders should focus on whether SOL can hold the mid-$70 support band.
In short, the Solana price prediction signals a potential bounce only if buyers defend the ~$70–$78 range; otherwise, the charts keep the bearish near-term scenario on the table.
Bearish
This news is categorized as bearish because the near-term SOL technical setup still emphasizes breakdown risk rather than confirmed reversal. The 1-hour chart suggests Solana lost short-term structure (failed rising support, “wave 3” downside), and price is still below the $84.85–$87.71 resistance band. Even though Patel’s longer-term view frames weakness as an accumulation phase with an entry zone near $75–$45 and deeper support around $52, that thesis is not a short-term confirmation. Traders typically react to similar post-breakdown conditions by waiting for the market to reclaim resistance; until then, rallies can fade and liquidity often seeks the next support level.
Short-term impact: increased probability of testing and possibly challenging the mid-$70 demand zone (about $71.91–$77.91). If SOL fails to hold, downside could extend toward the lower support area.
Long-term impact: a sustained hold within the $70–$78 band could attract dip-buyers and gradually improve the structure, supporting Patel’s accumulation narrative. But as long as SOL remains far below the $200–$250 resistance zone, trend improvement is likely to be slower and more conditional.