Solana Under Pressure as Risk of New Yearly Lows Increases

Solana (SOL) is facing renewed selling pressure after failing to maintain its recent breakout attempt. The price has dropped below the 20-day moving average, increasing the risk of a move toward new yearly lows.

Over the past week, SOL has lost more than 10%, reflecting growing uncertainty across global financial markets.

⸻

Market Pressure Builds

Several factors are weighing on Solana:
• Ongoing geopolitical uncertainty
• Volatility across global markets
• Weak altcoin sentiment
• Drift DeFi protocol hack
• Mixed macro signals

These developments increase the probability of a break below key support levels.

⸻

Key Support Zone at $75–$80

The critical support zone remains:
• 80 USD
• 75 USD

A daily close below 75 USD could trigger further downside toward:
• 67 USD
• New yearly lows

⸻

Bullish Recovery Conditions

To stabilize the trend, bulls must:
• Reclaim EMA20 (~85 USD)
• Hold above 75 USD support

A recovery above 85 USD would reduce downside risks.

⸻

Bullish Targets

If bullish momentum returns:
• 85 USD
• 89–93 USD
• 97 USD
• 105–112 USD
• 117 USD
• 123–125 USD

A move above 93 USD would significantly improve sentiment.

⸻

Technical Outlook

Current trend:
• Downward momentum
• Weak recovery attempts
• Increased volatility

➡️ Short-term outlook remains bearish

⸻

Key Levels

Resistance
• 85 USD
• 89–93 USD
• 97 USD
• 105–112 USD

Support
• 80 USD
• 75 USD
• 67 USD

⸻

Outlook

Solana remains under pressure:
• Break below 75 USD → bearish continuation
• Break above 85 USD → recovery potential

Short-term outlook: bearish with recovery risk.