Solana's $67 Support Zone: A Potential Turning Point for the Cryptocurrency

After extending its decline toward the $67 support zone, Solana's short-term trend remains bearish. However, weakening momentum and similarities to SOL's 2022-23 accumulation structure suggest that a broader bottom may be forming.

The chart highlights similarities between the current structure and the accumulation phase that formed during 2022 and 2023. This pattern is also accompanied by bullish RSI divergence, as the relative strength index has formed a higher low even as price remains under pressure.

Confirmation of a multi-month bottom would require SOL to recover the $95-to-$100 region and hold above it on the three-day chart. A sustained break below the recent range lows, around the $60 area, would weaken the comparison and suggest that Solana still needs more time to establish support.