Solana price has come under heavy pressure again, with the recent price falling to around $68.47 after a 8.57% drop in the latest 24-hour window. The move has dragged SOL below several important short-term levels and placed the market back near a zone where traders are now debating whether this is a breakdown, a liquidity sweep, or the early stage of a larger accumulation phase.
Solana price trades at $68.47, up 8.57% in the last 24 hours. Source: SOL price via Brave New Coin
SOL Loses the $77–$80 Support Area
The immediate concern is the loss of the $77–$80 region. That area had been acting as a key support zone across several charts, but the latest move has pushed SOL down towards $71.94. This means the previous support is now at risk of turning into resistance if the price attempts a short-term bounce.
Solana loses the crucial $77 realized price support, exposing thinner demand zones near $53, $35, and $24. Source: Ali Charts via X
Ali Charts highlighted the importance of the $77 level through the UTXO Realized Price Distribution. The chart showed $77 as a critical realized price zone for Solana, meaning a large amount of supply had been transacted around that level. Once the price trades below such a zone, the market can become more vulnerable because the next strong demand clusters appear much lower.
If SOL fails to reclaim $77, the next areas of interest become clearer. The same URPD map pointed towards $53, $35, and $24 as the next major demand zones below. That does not mean SOL must visit all of them, but it does show that the structure becomes thinner once $77 is lost.
Buyers Eye the $67 and $53 Support Zones
The lower support map is now becoming more important. Killa’s chart showed a clear bid zone below the current market, with the first bid around $76.99, the second bid near $67.06, and the third deeper bid around $53.33. Since SOL is already trading below the first area, attention naturally shifts towards the $67 region next.
Solana’s bid map shows buyers watching $67.06 and $53.33 as the next major downside support zones. Source: Killa via X
This $67 zone is important because it can act as the next reaction point if selling continues. A bounce from there would suggest that buyers are still defending the broader range. But if $67 fails, the chart leaves room for a deeper move towards the $53 area, which is also aligned with the wider demand zone highlighted by Ali’s realized price map.
For now, SOL is not showing a confirmed reversal from these levels. The market needs to show a stronger reaction before bulls can claim control again. Until then, the downside zones remain active on the chart.
Four-Month Range Breakdown Needs a Reclaim
The broader structure also shows why traders are cautious. SOL had been moving inside a wide local range for months, but the latest breakdown has pushed the price below the lower boundary. Daan Crypto Trades compared this setup to other altcoins that have spent months ranging before sweeping the range low. This kind of move can sometimes become a bear trap, but only if the price quickly reclaims the broken range. The key reclaim zone appears around $77–$78, which now becomes the first important resistance area.
Solana breaks below its four-month range, making the $77–$78 reclaim zone critical for bulls. Source: Daan Crypto Trades via X
However, if SOL remains below the range low, the setup stays weak. In that case, every bounce into $77–$80 could face selling pressure until the market proves that demand has returned.
SOL’s Market Maker Model Points 30’s as Bottom
The bigger reversal idea is coming from the market maker model, where SOL appears to be moving through a classic expansion, distribution, breakdown, and reversal sequence. Trader Symba shows the previous large range already completed, followed by a failure below the range and a drop towards the “smart money reversal” zone. That lower reversal area sits mainly around the $30–$40 region.
Solana’s market maker model points to the $30–$40 region as a potential bottoming zone before a larger recovery cycle. Source: Trader Symba via X
This makes the current move important because SOL is not just reacting randomly near $70–$80. In this model, price is still in the decline phase before a proper bottoming zone forms. The marked low-risk buy zone appears closer to the $30s, which is where the model expects stronger accumulation.
From there, the projection turns much more bullish. After the $30–$40 base, the chart maps a recovery towards the $95–$120 reaccumulation area, then a larger advance towards $240–$300, with the final upside target sitting near $300–$350 by 2027.
Solana Closes 8th Month as Bearish
The market narrative around SOL is also shifting. Niels pointed out that Solana has closed eight consecutive red monthly candles for the first time in its history. He also noted that SOL is down 36.4% in 2026, while ETH is down 33.5% during the same period.
That comparison matters because Solana was previously treated by many traders as the stronger high-beta alternative to Ethereum. Now, its chart is starting to reflect the same kind of prolonged weakness and compression seen in ETH during difficult phases.
Solana records eight straight red monthly candles for the first time, highlighting a deeper bearish phase against Ethereum. Source: Niels via X
Still, this does not automatically make the long-term case bearish. An extended monthly weakness can also create the conditions for a major reset. The problem is timing. SOL needs to stabilize first before the market can start pricing in a stronger recovery phase.
Can Solana Price Recover From $71?
Solana’s immediate price prediction depends on whether buyers can recover the broken $77–$80 zone. That area is now the first major battleground. A reclaim would suggest that the move below support was a liquidity sweep, opening the door for a recovery towards $85 and then $94.
If SOL fails to reclaim that zone, the bearish path remains open. The next downside levels are:
- $67.06 as the next major support zone
- $53.33 as the deeper demand zone
- $35 and $24 as larger realized price clusters if the market enters a more aggressive decline
The bullish long-term case still exists, especially with the market maker model pointing towards a future $300–$350 cycle target. But in the short term, SOL needs to repair the damage below $77 before that bigger narrative can gain strength again.
Final Thoughts: SOL Is Weak Now, But the Bigger Setup Is Bullish
Solana is under pressure, and the latest drop below $70 has made the short-term chart look much weaker. The market is now trading closer to lower demand zones, and buyers still need to prove that this is a sweep rather than the start of another deeper leg down.
At the same time, the bigger picture is not completely broken. Several long-term charts still suggest SOL could be moving through a larger reset phase, where fear and compression build before the next cycle expansion. That is why the current zone matters so much.
For now, Solana remains in a fragile but important area. The short-term trend favors caution, but if buyers begin defending the lower support zones, the same weakness could become the foundation for a much stronger recovery later.
