Solana (SOL) is trading close to $75, with short-term price action still under pressure after a failed breakout attempt. The chart now points to $78 to $79 as the main decision zone, where buyers would need to regain control before any stronger recovery can take shape.
$78-$79 remains the level that could change the structure
SOL has tested resistance several times, yet it still has not secured a daily close above the critical band. Repeated challenges can weaken resistance by absorbing sell orders, but that process has not produced a confirmed reversal so far. If buyers reclaim and hold $78 to $79, the next upside objective could shift toward $95, though earlier resistance on the way up may slow the move.
For now, that recovery case remains unconfirmed. The recent rejection from the $78-$79 area, combined with a break below the lower boundary of the previous rising channel, keeps SOL vulnerable to more losses unless buyers reverse the move quickly.
$75 is now the immediate support under pressure
The market is closely watching the $75 region as an area where price may try to stabilize. It is still seen as possible support for a bounce, but that depends on whether buyers can defend it and push SOL back into stronger territory. A move above $78.50 would improve the short-term structure and reduce downside pressure.
Until that happens, sellers remain in control. Recent price action has shown multiple failed rebounds and a sequence of lower highs, a pattern that usually reflects fading demand in the near term. If $75 fails to hold, the next zone in focus becomes $73 to $74.
A deeper bearish move could bring $60 back into focus
If the near-term recovery attempt breaks down, attention shifts first to $73-$74. In a stronger bearish scenario, the chart brings the $60 area back into view. That level stands out as a major support zone and represents a much larger decline from current prices.
The setup is relatively clear. Buyers need to reclaim $78-$79 to improve structure, while sellers keep the edge as long as SOL remains below that band. The next move will hinge on whether lost support zones are recovered or whether pressure extends the slide toward lower targets.