Solana Price Prediction: Can Solana Defend $67 as Momentum Stays Bearish?
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Solana (SOL) is trading near $80, struggling to regain its previous high of $253, having entered a macro decline with lower highs and lows. The token holds a critical support range between $67 and $70; a breakdown could lead to further declines towards $62 and $50. Additionally, recent market dynamics show declining open interest around $5B, indicating reduced liquidation risk and weaker selling pressure, hinting at possible stabilization soon.
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- SOL holds the $67–$70 floor, but a breakdown could expose $62 and $50 next
- Falling open interest near $5B signals leverage reset and reduced liquidation risk
- Exchange flows show weaker selling pressure, hinting at early stabilization near $80
Solana trades near $80 after months of sustained downside pressure that reshaped its broader structure. The token failed to reclaim the $253 cycle high and entered a clear macro decline. Since that rejection, price has printed consistent lower highs and lower lows.
Consequently, market structure now favors sellers across higher time frames. The breakdown intensified after SOL lost the $138 region, which previously acted as strong support. That level now caps upside attempts and reinforces bearish control.
Key Levels Define the Battlefield
Price now hovers just above the $67–$70 zone, which marks the Fib 0.0 level. T…
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