Solana Price Prediction: Downside Risk Grows Toward $70 Zone

Solana is back near a key support area after a sharp drop from its earlier highs. While one analyst sees a long term accumulation zone, another chart shows short term downside still in play.

Solana Tests Key Support as Crypto Patel Maps $45 to $75 Buy Zone

Crypto Patel’s two week Solana chart shows a long pullback from the all time high area near $250 to the current zone below $80. The chart marks a drop of about 77% from the top. At the same time, it places SOL near the 0.618 Fibonacci retracement around $52.11, which the analyst treats as a major support area.

The setup is simple. Patel highlights a support and entry zone between about $75 and $45. He also shows current price near $82.62, with the black horizontal level around $74.72 acting as a nearby line to watch. In other words, the chart suggests Solana is sitting just above a key support band after a long correction.

SOL/USDT 2W Chart. Source: Crypto Patel on X

Patel’s main argument is that sentiment has flipped. He contrasts the strong bullish calls above $250 with the silence now that SOL trades below $80. Therefore, his post is less about short term momentum and more about contrarian positioning. He sees weakness at lower prices as an accumulation phase, not a reason to exit.

The chart also outlines upside targets at $500 and $1,000. Those targets imply a very large recovery from current levels, so they reflect a high conviction long term view rather than a near term trade. Patel also says he would add more if price drops further, which means he is averaging into weakness instead of relying on a fixed stop loss.

Still, the chart remains a bullish thesis, not confirmation. SOL has not yet reclaimed the major resistance area around $200 to $250, and price is still below that zone by a wide margin. So while the support area may attract buyers, the broader trend will only look stronger if Solana holds this base and starts building higher over time.

Solana Slides Toward Support as Breakdown Extends on 1 Hour Chart

A one hour Solana chart shared by More Crypto Online showed price continuing lower after breaking below an upward sloping support line. The analyst said the move still looked like wave 3 to the downside, with Solana heading toward a lower support zone.

The chart placed resistance between about $84.85 and $87.71. That red zone marked possible rebound levels, but price stayed below it as selling pressure continued. At the same time, the chart highlighted a broader support area between roughly $71.91 and $77.91, described as the main range support.

Solana 1H Chart Showing Move Toward Support Zone. Source: More Crypto Online on X

The setup suggested Solana had lost short term structure before reaching a stronger demand zone. Labels on the chart pointed to a possible next leg lower into that support band. Therefore, the focus shifted from immediate recovery to whether buyers would defend the mid $70 area.

A yellow rising trendline that supported earlier price action had already failed. After that break, the chart showed Solana falling quickly, which reinforced the bearish near term view. In other words, previous support turned into a sign that momentum had weakened rather than stabilized.

Still, the support zone remained the main area to watch. If price reaches that range and holds, Solana could attempt a bounce. However, as long as it remains below the marked resistance band, the chart keeps the short term downside scenario in focus.