Solana price decreased by 8.57% in the last 24 hours to $68.47. With this decline, SOL fell below some important levels monitored in the short term. The market is now discussing whether this movement is a permanent break, a short-term liquidity clean-up, or the beginning of a broader accumulation process.
The $77 to $80 range has become critical resistance
The most prominent development in the short term was the loss of the $77 to $80 range. This region was previously viewed as support on many charts. It is stated that with the last withdrawal, the price dropped to around $71.94, so the previous support may now act as resistance in possible reaction increases.
Analyst Ali Charts pointed out that the $77 level is an important cost zone for Solana, based on UTXO Realized Price Distribution data. Accordingly, a significant part of the circulating supply changed hands at this level. When the price remains below this area, the following demand clusters become less frequent and market fragility may increase.
Mini dictionary: UTXO Realized Price Distribution is an on-chain distribution map that shows in which price zones investors move coins. This indicator is used to evaluate support and resistance zones by revealing the cost areas where supply is concentrated.
According to the data shared by Ali Charts, the $77 level stands out as a critical cost zone where a significant part of the Solana supply is traded.
If SOL cannot rise above the $77 level again, the $53, $35 and $24 areas below stand out as new demand areas. Although this does not mean that all levels need to be tested, it is reported that the market structure appears weaker after losing $77.
Buyers focus on $67 and $53 zones
In the bearish scenario, the first important area that buyers watch is shown as $67.06. In the buying map shared by Killa, the first bidding area was $76.99, the second area was $67.06 and the deeper third area was $53.33. Since SOL fell below the first level, the market naturally turned its attention to the $67 region.
| Level | Role |
|---|---|
| $77 to $80 | First strong resistance zone after loss |
| $67.06 | Next important support |
| $53.33 | Deeper demand zone |
| $35 and $24 | More powerful cost clusters below |
A possible reaction from the $67 area could indicate that buyers continue to defend the wide price range. However, if this level is broken, it may pave the way for a deeper retreat towards the $53 area on the chart. For now, there is no clear signal of return from these regions.
Four-month band structure broke down
Daan Crypto Trades stated that SOL has been moving in a wide horizontal band for months, and with the last wave of sales, it fell below the lower limit of this structure. According to the analyst, similar views may result in some altcoins first clearing the bottom of the band and then a rapid return. However, for this to be considered valid, the price must regain the broken area in a short time. In this context, the $77 to $78 range is watched as the first critical recovery area.
According to Daan Crypto Trades’ assessment, this outlook is similar to the band bottom clearing seen in some altcoins; However, for the scenario to turn positive, the $77 and $78 region needs to be reclaimed.
As long as the price remains below this range, any upward attempts towards the $77-$80 band may face selling. This causes the short-term outlook to remain weak.
Short-term pressure continues while long-term goals are maintained
According to Trader Symba’s market maker model, Solana may be moving in a classic cycle of expansion, distribution, breakout and reversal. According to this model, the lower risk bottom zone is between $30 and $40. In the same projection, there is the possibility of a recovery to the $95-$120 region after this base, and then a stronger movement towards the $240-$300 band. The final upside target is shown to be between $300 and $350 for 2027.
On the other hand, Niels stated that Solana completed eight consecutive monthly closings in the negative zone for the first time in its history. In the same period, it was stated that SOL decreased by 36.4% and ETH by 33.5% throughout 2026. Although this chart shows that Solana remains weak in the short term, the main focus of the market will be whether buyers can reclaim the $77 to $80 region. If this happens, targets could shift back to $85 and $94; Otherwise, $67.06 and $53.33 supports will remain on the agenda.
