Solana (SOL) is testing the $60 support zone as its bearish price structure raises breakdown risk, according to technical analysis shared on social media. The token is trading near $66.65 after falling from the $90-$100 resistance zone, forming lower highs and lower lows on the weekly chart. The retest occurs after the latest rebound failed to change the broader bearish structure. Analysts identify the $60-$65 area as a critical level, with a weekly close below this zone potentially confirming another breakdown toward deeper support levels.
SOL Tests $60 Support After Failed Rebound From Resistance
Solana has returned to a major support zone near $60 after its latest rebound failed to change the broader bearish structure. The weekly chart shared by analyst @IncomeSharks on X shows SOL trading near $66.65 after falling from the $90-$100 resistance zone.
Price continues to form lower highs and lower lows, giving sellers an advantage as the token tests support again. A weekly close below the $60-$65 area would confirm another breakdown and increase the risk of a deeper decline. The next major support shown on the chart sits near $25-$30.
The current weekly candle has not closed. A strong recovery from support could delay the bearish scenario, but SOL would need to reclaim the $95-$100 region before the broader structure begins to improve.
Analysts Identify $40-$55 as Potential Accumulation Zone
Solana is moving closer to a long-term support area between $40 and $55 as its broader downtrend continues. The chart shared by analyst @polaris_xbt on X shows SOL trading near $66 after falling steadily from its 2025 highs.
The analyst identifies the $40-$55 range as a potential accumulation zone, based partly on Solana's previous cycle structure. The chart suggests price could remain within this range for several months before establishing a lasting bottom. SOL would need to hold the zone and begin forming higher lows to support a recovery.
The projected path points to a possible rebound toward $120 after consolidation. This remains a speculative scenario, while a decisive break below $40 would weaken the setup and increase the risk of further losses.
FAQ
What price level is Solana currently testing?
Solana is testing the $60 support zone, trading near $66.65 after falling from the $90-$100 resistance area. Analysts identify the $60-$65 range as a critical level where a weekly close below could confirm another breakdown.
What is the potential accumulation zone for SOL?
Analysts identify the $40-$55 range as a potential accumulation zone based on Solana's previous cycle structure. The chart suggests price could remain within this range for several months before establishing a lasting bottom, with SOL needing to hold the zone and form higher lows to support a recovery.
What price level would improve Solana's technical outlook?
SOL would need to reclaim the $95-$100 region before the broader bearish structure begins to improve. A strong recovery from current support levels could delay the bearish scenario, but sustained movement above this resistance zone is required for structural improvement.
