Solana is nearing a decisive technical area after extending its decline toward the $67 support zone. While the short-term trend remains bearish, weakening momentum and similarities to SOL’s 2
Solana is nearing a decisive technical area after extending its decline toward the $67 support zone. While the short-term trend remains bearish, weakening momentum and similarities to SOL’s 2022-23 accumulation structure suggest that a broader bottom may be forming.
Solana Shows Early Signs of a Multi-Month BottomSolana may be developing a long-term base after its sharp decline, with the chart highlighting similarities between the current structure and the accumulation phase that formed during 2022 and 2023.
Solana Multi-Year Bottoming Structure and Bullish RSI Divergence. Source: Inmortal (@inmortalcrypto) on X
The three-day SOL/USDT chart shows Solana consolidating near the lower end of its 2026 range after falling from the roughly $240 area. Price remains below a broad resistance zone near $95 to $100, which now represents the first major level bulls must reclaim before a stronger recovery can take shape.
The analyst compares the current setup with Solana’s previous market bottom. During the 2022-23 base, SOL traded below a similar horizontal barrier for several months while price gradually stabilized. It later broke above that zone, turning former resistance into support before beginning a sustained advance.
A comparable pattern may now be emerging. Solana has stopped falling vertically and entered a narrower trading range, suggesting that selling pressure is beginning to ease. However, the chart does not yet confirm that the bottom is complete because price continues to trade under the highlighted resistance band.
The relative strength index adds a constructive signal. While SOL has recorded slightly lower lows, the RSI has formed a higher low. This bullish divergence indicates that downward momentum is weakening, even as price remains under pressure. The chart shows a similar divergence near the previous cycle bottom.
Confirmation would require SOL to recover the $95-to-$100 region and hold above it on the three-day chart. Such a move would strengthen the bottoming argument and could open the way toward higher resistance levels. Until then, the setup remains an early accumulation scenario rather than a confirmed trend reversal.
A sustained break below the recent range lows, around the $60 area, would weaken the comparison and suggest that Solana still needs more time to establish support. The practical takeaway is that momentum conditions are improving, but price must reclaim resistance before buyers gain clear control.
Solana Nears $67 Support as Traders Prepare for a Possible ReboundSolana is approaching a key support area after extending its decline from late-July highs, bringing the short-term bearish trade close to its projected target. The chart presents the $67.45 region as a potential swing-long zone, but buyers still need to defend that level before a recovery scenario gains credibility.
Solana Daily Chart Targets $67 Support Before Potential Rebound. Source: Atrades (@Atrades_02)
The daily SOL/USDT chart shows Solana trading near $71.87 after rejecting the $78 area and continuing lower. The marked short setup begins around $78.38, places risk above $79.04 and targets approximately $67.47.
Price has already completed most of that projected decline. However, the chart does not assume an immediate reversal from the current level. Instead, the analyst expects SOL to test the horizontal support near $67.45 before a more durable recovery attempt begins.
That zone carries added technical importance because it previously acted as resistance and support during June. Solana also rebounded sharply after trading below the area earlier in the summer, making it a visible level where buyers may return.
The drawn path outlines a conditional scenario rather than a confirmed forecast. It suggests an initial reaction from $67, a brief retest of the same support and then a recovery toward the $70-to-$71 region. A successful defense of $67.45 would support the case for closing bearish positions and considering a swing-long setup.
Confirmation would come from a clear bullish reaction near support, followed by a move back above recent short-term resistance. The $78.38-to-$79.04 region would remain the main upside barrier, while $83.45 represents a higher resistance level if momentum improves further.
A decisive daily close below $67.45 would invalidate the proposed rebound path and expose the lower demand area near $62 to $63. The practical takeaway is that SOL remains under short-term pressure, but the next test of $67 could determine whether the decline develops into another breakdown or creates a stronger buying opportunity.
