Solana's price is testing the $67 support level after a sharp drop from around $240, showing early signs that a multi-month base might be forming. The token has entered a tighter trading range, signaling that selling pressure could be easing but the short-term trend is still bearish.
The three-day chart reveals SOL hovering near the lower bound of its 2026 range, well below a critical resistance zone between $95 and $100. This zone represents the key hurdle Solana must clear to confirm a stronger recovery. An analyst on X highlighted how the current price action resembles Solana’s 2022-23 accumulation phase, when SOL traded under a similar resistance for months before breaking out and starting a sustained rally.
Momentum indicators add nuance to the picture. Despite SOL hitting slightly lower lows, the relative strength index (RSI) has formed a higher low, a bullish divergence that suggests downward momentum is weakening. This pattern was visible near Solana’s previous market bottom. However, the bottom remains unconfirmed until SOL can reclaim and hold above the $95-$100 resistance band on the three-day timeframe.
A drop below roughly $60 would undermine the idea of a stable base and imply more time is needed for support to form. For now, investors should watch whether Solana can overcome this resistance. Momentum is improving but full control by buyers is still out of reach.
This material is for informational purposes and does not constitute financial advice.
