Solana is testing a key support area near $68 that could determine the direction of its recent price movement, according to crypto analyst TraderSZ. The analysis comes after SOL failed to hold gains near $76 and pulled back to a macro mid-range level. Separately, analyst BitGuru states that continued support defense could enable a move toward $82 resistance. The technical assessments focus on whether buyers can maintain control at current levels or whether sellers will extend the recent decline.
TraderSZ Identifies $68 Macro Mid-Range Retest
Solana is revisiting a major support zone after retreating from recent highs near $76, according to crypto analyst TraderSZ. In a post on X, the analyst said SOL is retesting a macro mid-range level around $68, an area that has acted as an important pivot throughout the recent trading range.
The one-hour SOL/USD chart shows Solana pulling back toward the midpoint of its broader range after failing to break above resistance near $75-$76. Price is also testing a descending trend line that has capped rallies since late May.
According to the chart, holding above the $68 region could provide a foundation for another attempt at higher resistance levels, including $75.63, $76.53, and $80.20. However, a breakdown below the mid-range support could signal weakening momentum and increase the risk of a move toward lower support areas near $64-$65.
BitGuru Highlights $82 Target With Support Defense
Solana is holding above a key support level after forming a bullish reversal structure, according to crypto analyst BitGuru. In a post on X, the analyst said buyers continue to defend the current zone, keeping the short-term recovery intact despite recent market volatility.
The four-hour SOL/USDT chart shows Solana rebounding from a reversal area near $60-$64 after a prolonged downtrend. The recovery has been followed by a period of consolidation around $71, suggesting buyers are attempting to build a higher base.
According the chart, the current support area remains critical for maintaining bullish momentum. As long as SOL holds above this zone, the analyst believes the next upside target could be resistance near $82.67. The setup also highlights a previous consolidation range that later led to a sharp decline. BitGuru argues that the recent reversal pattern differs from that structure, with price now showing signs of strength rather than weakness.
However, a loss of support could weaken the bullish outlook and increase the risk of a pullback toward lower levels near $64.
FAQ
What support level is Solana currently testing?
Solana is testing a macro mid-range support level near $68, according to analyst TraderSZ. Separately, analyst BitGuru identifies a support zone around $71 where buyers are defending price action.
What is the upside target for Solana if support holds?
Analyst BitGuru states that continued support defense could open the door to a move toward resistance near $82.67. TraderSZ's chart also identifies intermediate resistance levels at $75.63, $76.53, and $80.20.
What happens if Solana loses current support levels?
A breakdown below the mid-range support near $68 could increase the risk of a move toward lower support areas near $64-$65, according to TraderSZ's analysis.
