Solana is trading around $78, down about 5% on the day, with roughly $3.2 billion in volume fueling bearish price prediction.
The current weakness is tied to macro risk. Rising Middle East tensions have pushed capital toward traditional safe havens like gold and the U.S. dollar, while oil climbing above $66 per barrel reflects elevated market anxiety.
Altcoins, including Solana, are absorbing that pressure.
Solana Price Prediction: Bears Test Critical Support at $78
The $78 zone is more than a round number. It lines up with a key weekly channel and sits right on top of heavy historical demand. $77.60 is the line in the sand.
If that level breaks on a daily close, downside opens fast. Some analysts point to the $60 to $70 range as the next major liquidity pocket, with deeper targets near $50 if panic accelerates. On-chain data shows a large chunk of supply last moved around current prices, so if holders capitulate, the drop could speed up.
(Source: SOLUSD / TradingView)
Derivatives confirm caution. Over $20 million in longs were liquidated in 24 hours, and open interest fell to $4.89 billion. Leverage is getting flushed.
If $77.60 holds, bulls still have work to do. First resistance sits at $93.43. Above that, the 50-day EMA near $99 is the next hurdle. Until $93.43 is reclaimed with strong volume, bounces likely remain relief rallies.
Right now, SOL is boxed between $77.60 support and $93.43 resistance. Hold the floor, and a base can form. Lose it, and $60 quickly comes into view.
