Solana Price Plummets Below Key Support: $60 in Sight

Solana's price has slipped below key support levels on both its four-hour and 12-hour charts, leaving the asset vulnerable to further decline. According to the technical analysis, Solana must reclaim the $74.30-$77 resistance area or risk falling toward $68 and potentially as low as $60.

The chart shows that Solana is trading near $73, just below the channel boundary marked around $77. This level had previously helped define the asset's upward structure, but now serves as a potential resistance point. A sustained breakdown would make $68 the first visible downside area to watch, which could provide temporary support.

However, the projected path suggests that any rebound from $68 may remain corrective rather than signal a full recovery. The larger bearish target is near $60, aligning with the channel's lower boundary. Confirmation of this scenario would come from repeated four-hour closes below the broken channel line, especially if Solana attempts to retest the area near $77 and gets rejected.