
Solana (CRYPTO:SOL) has slipped below a key trading range, with analysts warning that US$75 is now the next major support level.
Analysts said Solana must reclaim the US$78–79 area to improve market sentiment and keep a move toward US$95 possible.
If buyers fail to regain that level, analysts said selling pressure could increase.
The latest decline followed a break below a rising price channel after Solana failed several times to move above a descending resistance line.
Analysts said a break below US$75 could send the price toward US$73–74, while a deeper decline could bring US$60 back into focus.
A move above US$78.50 would improve the short-term outlook and reduce downside pressure, according to the analysis.
The next few trading sessions are expected to determine whether Solana resumes its recovery or extends its recent decline.
At the time of reporting, Solana price was $76.07.