Solana Nears $60 Support as Weekly Close Becomes the Key Signal

Solana Nears $60 Support as Weekly Close Becomes the Key Signal

N
News Editor 01
2026-07-24 02:50:16
SOL is trading near $66.65, with the market watching the $60-$65 zone closely. A weekly close below that range could point to the next major support at $25-$30.

Solana is trading near $66.65 on the weekly chart, putting the $60 to $65 support zone back in focus. The move follows a clear rejection from the $90 to $100 resistance range, which had remained unbroken before the latest pullback. Price structure still shows lower highs and lower lows, a sign that selling pressure has not eased.

The $60 to $65 band is the main weekly level to watch

The analysis says a weekly close below $60 to $65 could intensify the decline. If that happens, the next major support area is identified at $25 to $30. That places added attention on the current test, because a confirmed break would shift focus quickly toward a much lower range.

The report states that current data shows Solana is once again testing crucial support, and that a weekly close under the band would reinforce the bearish trend. Intraday swings matter less here. The weekly finish is the signal traders are watching.

A stronger recovery needs a return to $95 to $100

The current weekly candle has not closed yet, so the setup is still open. A firm reaction from support could delay the negative picture for a period. Even so, the analysis argues that a real structural improvement would require SOL to reclaim the $95 to $100 region.

This piece focuses on chart structure rather than Solana’s network speed or low transaction costs. The central issue is technical positioning, with support and resistance zones shaping the long-term view.

The $40 to $55 region remains important on a wider view

Looking at the broader chart, SOL has moved closer to the long-term support region between $40 and $55 after peaking in early 2025. According to the analysis, this band is being watched as a possible accumulation zone, reflecting patterns seen in earlier market cycles.

At the same time, chart signals suggest SOL may stay volatile inside that broad range for months before any lasting bottom is formed. For a more durable recovery, price would need to defend that area and begin printing higher lows. The report also mentions a possible rebound toward $120 after sideways consolidation, though that outcome is far from certain. A clear break below $40 would point to more technical weakness and leave room for additional downside.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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