Solana price turns cautious as SOL trades near $68, with bulls needing a reclaim above $78 to avoid deeper downside risk towards $60 and $40.Price Prediction: SOL Drops Towards $68 as Bulls Face $75 Resistance and Deeper $40–$30 Risk

Solana price is back in focus as it trades near $68.78 after dropping more than 5% in the last 24 hours, as shown in the Brave New Coin data. The move has pushed the price back into a weaker short-term structure, with SOL now sitting near its daily low at $68.41.

SOL Price Falls Below $70 as Short-Term Pressure Builds

Solana is currently trading around $68.78, with a 24-hour low near $68.41 and a high around $72.80. That means price has already lost the intraday recovery range and is now trading close to the lower end of the session. This keeps sellers in control for now.

Solana price trades at $68.78, down 5.19% in the last 24 hours. Source: SOL price via Brave New Coin

The first support to watch is the $68–$67 zone. If SOL loses this area, the next downside levels sit around $64 and then $60–$58. On the upside, bulls need to reclaim $72 first, then push back into $75–$78 before the structure can start improving.

$75–$78 Is the Do-or-Die Resistance Zone

The chart shared by ChiefraFba highlights the $75–$78 region as the main “do-or-die” zone for Solana. The key technical point from his chart is that Solana price is now trading below a big resistance band after recovering from the lower $60s, and this area will decide whether the bounce continues or fails.

Solana faces a decisive $75–$78 resistance zone, with a breakout opening $85–$90 while rejection risks another drop towards $64–$60. Source: ChiefraFba via X

If SOL breaks back above $78 and holds, the next upside target becomes $85, followed by the $90 region shown on the chart. However, rejection from $75–$78 would keep the structure bearish and could send the price back towards $64–$60. If that support fails, the chart leaves room for a much deeper move towards the $40–$30 range.

Whale Short Position Adds Bearish Pressure Near $69

Lookonchain reported that a whale opened a 20x short on 554,680 SOL worth around $38.15 million. The key technical point from the image is that the short entry is near $69.23, with breakeven around $69.19, while Solana price was trading near $68.77 at the time.

This means the whale is positioned almost exactly around the current price zone. If Solana price stays below $69–$70, that short remains in profit and can add pressure to the market narrative. A reclaim above $70 and then $72 would reduce that bearish pressure, but failure to recover those levels keeps $68, $64, and $60 in focus.

A major whale opened a 20x SOL short near $69, adding bearish pressure as bulls struggle to reclaim the $70–$72 zone. Source: Lookonchain via X

Higher-Timeframe Structure Is Still Weak

The Renko-style Solana chart shows how weak the trend has been since October 2025. The key technical point from his chart is that SOL has been in a long, almost uninterrupted red structure for around nine months, even though the candlestick chart may show some early signs of bullish divergence.

Solana remains weak below the key $80–$90 reclaim zone. Source: Cold Blooded Shiller via X

That makes the $80–$90 region very important on the higher timeframe. SOL needs to reclaim that area before the trend can start looking healthier. Until then, price remains below the broader downtrend, with downside risk still active towards $60, then $50, and possibly $40 if selling pressure continues.

Cycle Support Area Is Starting to Matter

The broader cycle view suggests Solana price is slowly entering the area where long-term buyers may start paying attention. The key technical point from Ardi’s chart is that SOL is now moving closer to the lower support region of its cycle range, with the highlighted value area sitting roughly around $55–$40.

This does not mean the bottom is confirmed. It only means the market is approaching a zone where risk-reward may start improving for the next cycle. If SOL holds above $60 and later reclaims $75–$78, the recovery case strengthens. But if $60 breaks, the $55–$40 region becomes the next major area where bulls may try to build a base.

Solana is approaching its key cycle support region near $55–$40. Source: Ardi via X

The Next Recovery Levels Are Clear

For Solana to recover, the first step is reclaiming $70. This is the immediate short-term level because the price is currently sitting just below it. A move above $70 would reduce some of the bearish pressure from the recent drop, but it would not be enough by itself.

The more important recovery levels are:

• $70–$72: first short-term reclaim zone
• $75–$78: major resistance and trend decision area
• $85–$90: next upside target if resistance breaks
• $100: larger psychological level if momentum returns

A clean break above $78 would be the first real sign that bulls are regaining control. Until then, each bounce into resistance can still be treated as a retest inside a weak structure.

Final Thoughts: Solana Needs to Reclaim $78 to Shift Momentum

Solana price is still trading in a weak short-term structure, with $68–$67 acting as the first support area. If this level fails, the next downside zones remain $64 and then $60–$58, where bulls would need to show a stronger reaction.

On the upside, $70–$72 is the first reclaim zone, but the real test sits at $75–$78. A clean break above $78 would shift momentum and open the path towards $85–$90, with $100 becoming the next psychological target if follow-through improves.

For now, the Solana price prediction remains cautious. Holding $68 keeps a short-term bounce possible, but SOL needs to reclaim $78 before the structure can turn more constructive. If price rejects from that resistance again, another move towards the $60 region remains the bigger risk.