Solana slips toward the 60 dollar support level! What is the key threshold investors are watching?

Solana experienced another drop toward the 60 dollar support zone following its latest attempt at an upward move. While the overall trend remains to the downside, market watchers are closely monitoring how the price responds to this critical threshold in the short term.

Support zone returns to the spotlight

On the weekly chart, SOL is now trading around 66.65 dollars after a notable retreat from the previously unbroken resistance range between 90 and 100 dollars. With lower highs and lower lows still dominating the chart, downward selling pressure continues to prevail.

If SOL closes the week below the 60 to 65 dollar range, technical signals point to a possible escalation in the decline. In this scenario, the next major support area is identified between 25 and 30 dollars, increasing the risk of deeper losses.

What levels could trigger a relief rally?

Despite the emerging risks, the current weekly candle has not yet closed. A strong reaction from support could delay the negative outlook for a time. However, analysts highlight that a real structural improvement requires SOL to reclaim the 95 to 100 dollar region.

Although Solana is often noted for its high transaction speeds and low costs, this latest analysis focuses less on the network’s technology and more on the technical picture, specifically the pivotal support and resistance zones shaping long-term price action.

The importance of the 40 to 55 dollar range

Zooming out, after peaking in early 2025, SOL has gradually edged closer to the long-term support region between 40 and 55 dollars. Based on recent analysis, this band is being watched as a potential accumulation zone, mirroring historical structures seen in earlier market cycles.

Even so, chart patterns indicate SOL may remain volatile within this broad range for months before establishing a lasting bottom. For any sustainable recovery, the price needs to defend this area and begin forming higher lows.

Forecasts suggest that after a sideways consolidation, SOL could rebound toward 120 dollars. However, this scenario is far from certain. A clear break below the 40 dollar mark would signal further technical weakening and open the door to additional downside risk.

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