Solana is nearing one of the most significant price points since the on-chain data, along with the technical chart, suggests an imminent fight between bulls and bears.
While the cryptocurrency has fallen sharply from its previous highs, blockchain data shows that a large portion of investors accumulated SOL between $65 and $71, making this the market’s strongest support area.
Ali Charts pointed out that more than 60 million SOL had last moved in this price range, hence making it an important level of support.
According to Glassnode’s URPD information, the biggest realized supply is at $67.85, the second is $70.80, and the third is at $64.90. All these price levels make up a solid level of demand.
Source: X
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Strong Buying Zone Could Decide Solana’s Next Direction
SOL investments from $65 to $71 ensure that many SOL investors remain profitable, and therefore there is no chance of panic selling, even from buyers who would try to protect this support level.
Nevertheless, if SOL drops below this level, then the situation can change very fast. The next support levels for SOL were recognized by Ali Charts: $53.10, $23.60, and $8.85, which are support levels of previous large accumulations of SOL.
The other trader, Crypto Patel, also has a long-term plan following his accumulation of SOL at $40-$60 with selling plans for future sales to be made at $500 and $1,000. From the technical chart, the current correction is found around the significant 0.618 Fibonacci retracement Level at $62.
Source: X
Memecoin Slowdown Changes Solana’s Market Landscape
Beyond technical indicators, activity across the Solana ecosystem has also changed. Jeremy explained that one year ago, new Solana memecoins would reach valuations of $100 million in just a few days.
The trend peaked when TRUMP became a billion-dollar coin a few days after its creation in January 2025, as SOL approached $290.
Liquidity has been reduced after that, with just some of the projects like WhiteWhale, PENGUIN, TROLL, and ANSEM gaining the same level of attention. As Jeremy observed, there was a reduction in retail interest with Solana falling from around $290 to $70.
Nevertheless, things will remain optimistic for the asset if the buyers continue supporting it. There is resistance at $101 and $160, while the major resistance is from $220 to $295.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Solana (SOL) Price Signals Powerful Bullish Reversal, Targets $150
