Solana (SOL) has experienced a particularly difficult stretch, with selling pressure remaining elevated as the market approaches levels where sentiment often begins to shift. The current phase may determine whether buyers can slow the decline or whether price action could extend into a deeper capitulation.

Solana technical analysis

SOLUSD - 1 Week Time Frame

SOL has declined sharply in recent days, falling more than 39% since Monday. Following this drop, the price has approached the $90 level, a notable psychological area. Around such round-number levels, increased buyer activity and attempts at stabilization could emerge, potentially resulting in a relief bounce.

If selling pressure persists, the next major support lies in the zone below the current price, from which a strong upward reaction previously developed. Should the market reach this area, a more pronounced buyer response could occur. This support zone is located between $64 and $80.

Solana price target

If SOL finds sufficient strength in the coming days and short-term momentum begins to shift, the first upside objective could be the strong resistance zone directly above the current price, from which the last major downward move originated. This zone is positioned between $133 and $143.

If this resistance is overcome in the future, a decisive candle close above the $133 to $143 range could be required to support continuation. Under such conditions, the next potential objective could be the higher resistance zone located between $177 and $202.