$SOL next target .... ๐๐๐
The price structure of Solana reflects the same weakness as indicated in the on-chain data.
The first crucial level to watch is US$93. To reclaim this zone, the price must rise nearly 19% from the current position, and this will signal an improvement in market structure as well as an increase in holder confidence. If it cannot strongly break out above this level, any upward attempts are likely to face immediate selling pressure.
Above US$93, stronger resistance is around US$105 and US$121, which is the area where a breakdown previously occurred. Solana needs to reclaim these zones before a medium-term recovery can be confirmed.
On the downside, the US$67 area remains a very crucial support. This level was the lowest point of the latest cycle yesterday. If the price breaks below US$67 consistently, the next target for decline is around US$59.
