Solana Price Struggles at Key Support Level Ahead of Crucial Resistance

Solana's price has been trading near $73 after recovering from a brief decline below $71. However, despite this recovery, the overall trend remains bearish as SOL continues to form lower highs across multiple time frames.

The next move for Solana depends on its ability to break through the current range between $70 support and $73.76 resistance. If it breaks above this level, a recovery towards $78 is possible, but if it fails to do so, sellers may push the price down towards the demand zone near $65.70.

A breakdown below $69 would further weaken the rebound case and could lead to a drop towards the next demand area near $65. The candle structure around $70 may provide the clearest signal for buyers or sellers, especially if trading volume rises during the test.