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$SOL Solana is currently trading right above its by far most important support zone.
This area has acted as support multiple times throughout the past few months and has been defended by buyers on every test so far.
As long as SOL remains above this level, there is still a case for consolidation and another attempt higher.
However, a confirmed breakdown would be a significant bearish development.
Below this support, there is very little structure left until the capitulation wick around $67, making it the most likely downside target if sellers regain control.
Losing this level would therefore likely result in a fill of the capitulation wick next.