Solana's Price Hovers Near Crucial Support Level Amid Bullish and Bearish Scenarios

Solana's price has been hovering near $73.90, testing key support and an ascending trendline that has held since June.

Analyst Crypto Patel says holding this level keeps the bullish structure intact, while a breakdown could drag the price into the $68-$64 liquidity zone.

A move back above $77 would put Solana back above descending resistance, opening up targets at $80 and $84.

If $73 breaks, the next support is the 0.5 Fibonacci level near $71, below which a break under $64.46 could take the price back toward the June low around $60.