Solana Price Prediction: SOL Faces Mounting Pressure as $70 Emerges as the Key Level

Jakarta, Pintu News – Solana (SOL) is again approaching an important support area after experiencing a sharp decline from the previous peak. While one analyst rates this area as a long-term accumulation zone, other charts suggest that the short-term downward pressure is still continuing.

Solana Tests Important Support as Analysts Map Buy Zones

Crypto Patel’s bi-weekly Solana chart shows a long correction phase from the all-time high area around $250 to the current price zone which is below $80. The chart marks a decline of about 77% from its peak. At the same time, SOL is now near the 0.618 Fibonacci retracement level at around $52.11, which analysts consider a key support area.

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The configuration is quite simple. Patel highlighted a support area as well as an entry zone in the range of around $75 to $45. It also shows the current price around $82.62, with the black horizontal line around $74.72 as the closest level to watch. In other words, the chart indicates that Solana is moving slightly above an important support area after a long correction.

Patel’s main argument is that market sentiment has reversed. He compares the strong bullish calls when the price was above $250 with the current conditions, when SOL is trading below $80 and the market’s attention has started to subside. As such, his view is not focused on short-term momentum, but rather on contrarian positioning. According to him, price weakness at low levels reflects an accumulation phase, not a signal to exit the market.

The chart also projects upside targets at $500 and $1,000. These targets indicate a huge potential recovery from current levels, so they are more of a long-term, high-conviction view rather than a near-term trading opportunity.

Patel also stated that he will add to his position if the price drops further, which means he applies an accumulation strategy when the price drops instead of relying on a fixed stop loss.

However, the chart remains a bullish thesis, not a confirmation of market direction. SOL still hasn’t managed to reclaim the key resistance area in the range of $200 to $250, and the current price is still quite far below that zone. So, while this support area could potentially attract buying interest, a stronger trend will only be seen if Solana is able to hold this base and gradually form a higher rise.

Solana Weakens to Support Area as Breakdown on 1-Hour Chart Continues

Solana’s chart in the one-hour time frame shared by More Crypto Online shows that the price is still moving down after breaking the ascending support line. Analysts think that this movement still reflects wave 3 down, with the price direction pointing towards the lower support zone.

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On the chart, the resistance area is placed in the range of $84.85 to $87.71. This red zone was considered a potential area for a bounce, but the price kept moving below it as the selling pressure continued. On the other hand, the chart also highlights a wider support area around $71.91 to $77.91, which is referred to as the main support in the current range.

This technical setup indicates that Solana has lost its short-term structure before reaching a stronger demand zone. The markers on the chart also indicate a potential continuation of the decline towards that support area. As such, the market focus shifts from the chances of a quick recovery to the question of whether buyers are able to defend the mid-$70 area.

The yellow uptrend line that previously supported the price movement has been broken first. After the breakdown, the chart shows Solana’s rapid decline, which reinforces the bearish view in the short term. In other words, the previous support is now a signal that the market momentum is weakening, not stabilizing.

Even so, the support zone remains a key area to watch. If the price drops to that range and is able to hold on, Solana still has a chance to record a bounce. However, as long as the price remains below the marked resistance area, the short-term weakening scenario is still the main view.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpaper. Solana Price Prediction: Downside Risk Grows Toward $70 Zone. Accessed on March 30, 2026