Solana failed again near the $86–$88 resistance zone, keeping sellers in control on the daily chart. The chart now points to $67 as the next major support, while KNIGHT’s post keeps the wider $40 bearish target in focus.
Solana Breaks Triangle as SOL Price Faces $77 Target
Solana broke below a tightening triangle on the 1-hour chart, shifting short-term pressure toward the downside.
The chart shared by Ali Charts shows SOL trading near $83.81 after losing support inside the triangle pattern. The setup formed through late April as price moved between lower highs and higher lows. However, the latest move pushed SOL under the lower trendline, which weakened the structure.
SOL 1HR Chart. Source: Ali Charts on X
Ali Charts said the breakout could set up a move toward $77. That target now becomes the main downside level if sellers keep control and Solana fails to recover above the broken support area.
The chart also shows SOL rejected near the upper trendline before the drop. After that, price fell quickly through the lower side of the pattern and continued lower around the $84 area. This move shows that buyers lost short-term control after several failed attempts to push the price higher.
For now, SOL needs to reclaim the broken trendline to reduce downside pressure. Until then, the chart keeps the focus on the $83, $82 and $77 zones.
A move back above the triangle would weaken the bearish setup. However, as long as Solana trades below the breakdown area, the $77 target remains in focus.
Solana Price Weakens as Chart Points to Deeper Drop
Solana is trading near $83.76 on the daily chart after another rejection from the upper resistance zone.
The chart shared by KNIGHT shows SOL moving below the blue resistance area near the $86–$88 range. Price has tested that zone several times since February but failed to hold above it. As a result, sellers are still defending the same area.
SOL/USDT Daily Chart. Source: KNIGHT on X
The chart also marks a possible downside path toward the lower support line near $67. A deeper red projection extends below that level, while the post adds a $40 target for SOL. However, the chart itself first highlights the lower range around $67 before any larger breakdown.
SOL has moved sideways for several months after its sharp February decline. During that range, buyers defended the lower area, while sellers capped rebounds near the upper blue zone. This created a wide consolidation between resistance near $88 and support near $67.
Now, the latest daily candle shows SOL slipping from resistance again. If price loses momentum below the mid-range, the $80 and $76 areas may come into focus first.
For now, Solana needs a daily close above the blue resistance area to weaken the bearish setup. Until then, the chart keeps pressure on the downside, with $67 as the main visible support and $40 as the broader bearish target from the post.
Source: https://coinpaper.com/16729/sol-price-prediction-solana-40-warning-grows-as-sol-loses-key-resistance
