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Solana Faces Key Support Test as Price Targets $60

Solana (SOL) is currently trading within a tight range of $75 to $92, indicating a potential breakout setup. Analysts suggest that a breakdown below $78 could see SOL targeting $60, while resistance near $90 highlights supply control. The $60-$80 support zone is crucial, resembling previous cycle bases that could either lead to expansion or continuation of the current trend. The 4-hour chart shows SOL in a bearish formation, with consolidation between $78 and $92 due to aggressive selling. A decisive move below $78 could trigger a target near $65, reflecting historical patterns. Meanwhile, a breakout above $92 would suggest upward expansion, but until then, SOL remains structurally neutral within its defined range. On a weekly timeframe, Solana approaches a significant support zone between $60 and $80, which has historically preceded expansion cycles. Holding this support could initiate a new accumulation phase, but failure to do so may extend corrective pressure. The asset's reaction near this historical support is crucial for its long-term outlook.