Solana Price Slips Again, Charts Point to $67 and $40 Levels

TLDR

• Solana fell below a key triangle pattern on the 1-hour chart, confirming short-term bearish pressure.
• The price failed to break the $86 to $88 resistance zone, where sellers continue to dominate.
• Analysts point to $77 as the next downside target after the recent breakdown.
• The daily chart shows $67 as the next major support level if weakness continues.
• A broader bearish projection highlights a possible move toward $40 if selling pressure increases.

Solana price action shows renewed weakness after another rejection near the $86–$88 resistance range. Sellers kept control as price slipped below key short-term support levels. Market charts now point toward lower targets, including $67 and a broader $40 projection.

Sol Price Prediction Shifts Lower After Triangle Breakdown

Solana dropped below a tightening triangle on the 1-hour chart, confirming short-term bearish pressure. The move followed repeated failures to break above resistance.

Ali Charts shared that SOL traded near $83.81 after losing structure within the pattern. He stated, “The breakout could set up a move toward $77.”

The triangle formed through late April as price compressed between lower highs and higher lows. However, sellers pushed price under the lower trendline, weakening bullish momentum.

After rejection at the upper boundary, SOL fell quickly and continued trading near $84. This movement showed buyers lost control after several attempts to push higher.

The chart now focuses on $83, $82, and $77 as immediate downside levels. Price must reclaim the broken trendline to reduce bearish pressure.

A recovery above the triangle would weaken the current setup. Until then, the $77 target remains active under current conditions.

Resistance Near $88 Caps Upside as $67 Support Comes into Focus

On the daily chart, Solana trades near $83.76 after another rejection from the same resistance zone. The price continues to struggle below the $86–$88 range.

KNIGHT’s chart shows repeated tests of this resistance since February without a sustained breakout. Sellers continue defending this level with consistent pressure.

The chart outlines a downside path toward support near $67 if weakness continues. A deeper projection extends toward $40, marking a broader bearish scenario.

SOL has moved sideways for months after its sharp February drop. This created a wide range between $88 resistance and $67 support.

Buyers defended the lower range several times, while sellers capped moves near resistance upward. This balance kept the price within consolidation for an extended period.

Recent price action shows SOL slipping again from resistance, reinforcing downside pressure. If momentum weakens further, $80 and $76 may act as interim levels.

KNIGHT’s post highlights $67 as the next major support level before any deeper move. He also referenced the broader $40 target in the same setup.

For now, SOL must secure a daily close above $88 to shift momentum. Until that occurs, charts maintain focus on lower price zones.

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