Solana is sitting near a make-or-break zone after two charts pointed to the same risk: buyers are still defending the $65-$71 area, but momentum has weakened. If that support fails, analysts say SOL could slide toward $53 first, with the larger downside target still near $40.
Solana’s $65-$71 Support Zone Remains Key for Bulls
Solana’s price structure remains tied to the $65-$71 range, where more than 60 million SOL changed hands. That makes the area one of the strongest support zones on the chart and a key level for bulls to defend.
SOL URPD chart. Source: Ali Charts on X, Glassnode
The chart uses UTXO Realized Price Distribution, or URPD, which shows where coins last moved on-chain. Large clusters often act as important support or resistance because many holders have their cost basis around those levels.
As long as SOL holds above the $65-$71 demand zone, the broader bullish setup remains intact. Buyers have a clear area to defend, and the size of the cluster suggests strong historical activity around that price range.
However, a clean break below this zone would weaken the structure. The next major support level sits near $53.10, where about 7 million SOL changed hands. That level could become the first area to watch if selling pressure increases.
Below that, the chart points to deeper support near $23.60, with roughly 5 million SOL transacted, and $8.85, where around 15 million SOL changed hands. These levels are much lower, but they show where previous demand appeared on-chain.
For now, the $65-$71 range remains the main line in the sand. Holding it would support the bullish case, while losing it could open the door to a broader correction toward lower realized price clusters.
Solana Chart Points to Possible Drop Toward $40
Solana is trading near $71 after losing its long-term rising trendline, and one analyst says the next major downside target remains around $40.
SOL/USDT chart. Source: KALEO on X, TradingView
The chart shows SOL breaking below the rising support line that guided much of its move from 2023 into 2026. After that breakdown, price failed to reclaim the trendline and continued trading lower.
The key area marked on the chart sits around the high $30s to $40. According to KALEO, SOL could move toward $40, with a possible wick into the high $30s before forming a stronger bottom.
That level also lines up with a previous consolidation zone from 2023 and early 2024. In technical analysis, old resistance zones can become support when price returns to them later.
For now, SOL remains above that target area, but the chart suggests momentum has weakened after the trendline break. A move back above the broken trendline would be needed to improve the setup.
Until then, the $40 region remains the main downside level to watch. A clean reaction there could support a recovery, while a failure to hold it would put deeper support zones back in focus.
