Solana price tests major support near $61.78 as charts outline a make-or-break range

Solana (SOL) is trading near a long-term support area, with a chart shared by DonWedge raising the question of whether the market’s bottom may already be in. The daily chart shows SOL moving close to a rising support line near $61.78, while a much higher descending resistance line points to $183.36 as a broader breakout target.

Daily structure: support near $61.78, resistance toward $183.36

The setup suggests SOL is operating in a compressed range after a long decline from earlier highs. More recently, the chart shows a small upward-sloping channel forming near the lower part of the structure. However, price appears to be slipping out of that short-term channel, which may indicate weakening momentum in the near term.

On the downside, the larger pink trendline remains the main level to watch, coming in near $61.78 and acting as a broader support zone. As long as SOL stays above that area, traders may still argue the market is attempting to build a base.

On the upside, the yellow descending trendline marks the larger resistance level, placed near $183.36. The chart frames this as a future recovery pressure point rather than an immediate target, noting that no confirmed breakout is shown yet. Overall, the structure appears undecided: SOL is near support, but short-term price action has not turned clearly bullish.

In this view, a bottom could be forming only if SOL continues to defend the lower trendline and avoids a deeper breakdown.

Short-term pressure: rejection near $80.44–$84.72 and focus on $75

Solana also faced another rejection at a nearby micro resistance area, according to a chart shared by MCO Global. The one-hour chart shows SOL failing to hold a short-term rebound after moving into a resistance cluster defined by Fibonacci retracement levels.

The rejection occurred inside the zone between approximately $80.44 and $84.72, where the chart places the 23.6%, 38.2%, and 50% retracement levels. As a result, the recovery attempt weakened before any stronger breakout could develop.

Key downside levels highlighted

On the downside, the chart highlights a broader support range below the market. The first key level sits near $77.91, with deeper support levels appearing near $75.38 and $71.91. MCO Global said the area around $75 is the most important place to watch if SOL forms another low, positioning that lower band as the likely defense zone.

Outlook: next move may test $75 support

For now, the short-term structure remains under pressure. SOL has not broken higher through resistance, and the chart still leans toward another dip before a stronger recovery can begin. The next move lower may therefore test whether buyers step in around the $75 support area.