Solana's $73 Support Level Under Fire: What Comes Next for SOL?

Solana (SOL) is facing a critical test of its support level around $73, a price that aligns closely with the 0.382 Fibonacci retracement level at $73.89.

The cryptocurrency's price action has been testing this key support area while defending an ascending trendline that has provided support since June, according to analyst Crypto Patel.

While maintaining support above $73 preserves the bullish market structure, a breakdown could send SOL tumbling toward the $68-$64 liquidity zone, with June's $60 low as the worst-case scenario.

Ambitious price projections of $500 and $1,000 remain possible but require several significant resistance breakouts, including a breakout above $101.