Solana is trading near $73 after slipping below key support on both its four-hour and 12-hour charts. Unless SOL reclaims the $74.30-$77 resistance area, the technical outlook points to possible declines toward $68 and, in a deeper bearish scenario, $60.
Solana Slips Below Rising Channel as $60 Risk Comes Into View
Solana is testing a potentially important breakdown on the four-hour chart after moving below the lower boundary of a rising price channel. The setup shifts attention toward lower support levels unless SOL quickly reclaims the broken trendline.
Solana 4-Hour Rising Channel. Source: Ali Charts (@alicharts)
The chart places Solana near $73.03, just below the channel boundary marked around $77. That level had helped define the asset’s broader upward structure, so trading beneath it weakens the bullish pattern shown on the chart.
A sustained breakdown would make $68 the first visible downside area to watch. That level sits near the next internal channel line and could provide temporary support. However, the projected path suggests that any rebound from $68 may remain corrective rather than signal a full recovery.
The larger bearish target is near $60, which aligns with the channel’s lower boundary. Reaching that level would require continued selling pressure and a failure to regain the former support zone.
Confirmation would come from repeated four-hour closes below the broken channel line, especially if SOL attempts to retest the area near $77 and gets rejected. Such a move would indicate that previous support has turned into resistance.
The bearish scenario would weaken if Solana climbs back above $77 and holds that level. A successful recovery could reopen the path toward $84, while the chart’s upper channel boundary sits near $92.
For now, the practical takeaway is straightforward: SOL remains vulnerable while it trades below the channel support. The next reaction around $68 could determine whether the decline stabilizes or extends toward the chart’s $60 target.
SOL Bulls Need a Confirmed Reclaim Before the Next Long Setup
The 12-hour SOL/USDT chart shows Solana trading below a former support area after repeated failures to hold above it. EliZ argues that a bullish setup requires SOL to reclaim the highlighted blue zone before traders can treat the area as support again.
Solana 12-Hour Chart. Source: EliZ (@eliz883)
Solana is trading near $73.09, beneath the blue resistance zone around $74.30 to $75. The area previously acted as a price floor, but SOL’s move below it has changed the short-term structure and turned the zone into potential resistance.
The rising black trendline also meets the blue box near the chart’s right edge. As a result, a move back above the zone would carry added technical importance because it could restore both horizontal support and the broader rising trend structure.
A bullish confirmation would require more than a brief move into the box. SOL would need a decisive 12-hour close above the zone, followed by evidence that buyers can defend it during a retest. That sequence would increase the probability of a recovery toward the recent swing areas near $76 to $78.
Further upside could bring the purple resistance line near $86 into view. The chart also marks a major horizontal barrier at $87.20, making that region a stronger longer-term test if momentum improves.
Until the reclaim occurs, SOL remains exposed to further weakness. Continued rejection below $75 or a break under the recent lows near $72 would reinforce the bearish scenario outlined in the first chart, where $68 and eventually $60 appear as possible downside targets.
The practical takeaway is that the blue box serves as the main confirmation level. Holding below it favors caution, while a confirmed breakout and successful retest would provide stronger evidence that buyers have regained control.
