Solana (SOL) Back On The Defensive—Can Bulls Prevent Another Drop?
Summary
SOL slipped after failing to hold above $67 and has entered a short-term bearish phase. The price fell below $66 and $65, broke a bullish trend line, and briefly tested support near $63.20. It is now trading below $65 and the 100-hour moving average. Upside recovery depends on holding above $63.00 and reclaiming $65–$66. A close above $67.20 could open the way to $68 and then $70. If SOL cannot break above resistance, it may drop again toward initial support at $63.10 and then $62.20. A break below $62.20 could push the price toward $60, with further downside possible near $55. Technical indicators remain weak, with MACD bearish and RSI below 50.
