Solana Price Loses $81 as Analysts Warn of a Drop to $70

Key Insights:

• Solana price failed to hold above $81, turning the recent breakout attempt into a possible deviation.
• Analysts are watching the $73–$76 zone as the next major support area.
• Pump.fun selling and elevated open interest add pressure while bulls look for a rebound toward $97 and $120.

Solana price appeared ready to break higher, but the move quickly lost momentum. The altcoin briefly pushed above the $81 area, failed to hold that level, and then slipped back toward the mid-$70s as traders reassessed the setup.

That failed reclaim has shifted the short-term outlook. Some analysts still see a bullish recovery path, but SOL crypto must defend the $73 zone and quickly regain lost resistance. Otherwise, a move toward $70 could come next.

Solana Price Fails to Hold the $81 Breakout

Solana price is trading near $77 after losing momentum around the $81 level. The move is important because bulls briefly pushed SOL price above a key resistance area before sellers forced it back below it.

NebraskaGooner said the failed move above $81 looks concerning for bulls. In his view, SOL crypto had a key break-and-hold setup but failed to maintain it. That makes the market more cautious, especially while price remains inside a broader downtrend.

Solana price prediction now shows $81 as the first level bulls need to reclaim. Until that happens, the failed breakout may act as a deviation rather than a confirmation of strength.

The downside area is also clear. If sellers keep control, SOL price could revisit the low $70s in the short term. The first major support zone lies between $73 and $76, where several analysts expect buyers to step in.

A daily close back above $81 would suggest the sell-off trapped late shorts and could reopen the path toward $88, then $97.

Analysts Watch the $73–$76 Support Zone

Meanwhile, SatoshiOwl said Solana’s setup has played out mostly as expected, but he does not expect an immediate V-shaped recovery. He believes a short-term bounce is possible, although SOL may still sweep lower before its next larger move.

That view matches the current price structure. SOL price is pulling back after a sharp climb from the June low, and the market is now testing whether previous resistance can become support.

Michael van de Poppe placed the key support band between $73 and $76. He said a bounce from that range would be a strong signal that buyers are ready to move SOL higher again. If the area fails, he warned that new lows could follow.

His chart marked the next major recovery area near $120, with price first needing to reclaim the upper range around $97. That makes $73–$76 the immediate battleground.

Crypto_Scient also said SOL price has reached the support and higher-low breakout zone. He added that he has started adding size again near support, with bids around $74.

Pump.fun Selling Adds Market Pressure

Additionally, Pump.fun-linked wallets added fresh pressure to Solana after selling about $10 million worth of SOL crypto in a single day. Transfers shown on Arkham data included several large deposits to Kraken, with some individual transactions worth more than $1 million.

Ted noted that Pump.fun has now sold roughly $794 million in SOL. That figure has drawn attention because repeated large sales can weigh on short-term market sentiment, even when the broader structure remains constructive.

The timing matters. SOL is already trying to defend support after failing near $81. Fresh selling from a high-profile Solana-based project gives bears another reason to press the market lower.

Meanwhile, SOL open interest recently stood near $5.69 billion while price traded around $81.60. High open interest can support strong rallies when buyers are in control, but it can also increase volatility if leveraged traders get forced out.

That means SOL may stay choppy around support. A clean bounce from $73–$76 would help reset sentiment. A breakdown below that zone could trigger another liquidation-driven move lower.

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