Solana Faces Defensive Stance: Can Bullish Momentum Halt Further Declines?

crypthub

6/10/2026, 5:40:48 AM

Current Price Correction

Solana's price has initiated a downside correction after failing to hold above the $67 resistance level. The price has fallen below $66 and is now trading below $65, indicating a short-term bearish movement. This decline also breached a key bullish trend line and significant retracement zones.

Resistance and Upside Targets

The immediate uptrend faces strong resistance near the $65 mark. A crucial breakthrough is expected at the major resistance level of $67.20. Successfully closing above this point could establish momentum for a continued ascent, potentially targeting the $70 area.

Support Levels and Bearish Indicators

If the decline continues, initial downside support is situated around the $63.10 zone. Key support levels include $62.20, followed by a further drop toward the $60 mark. Technical indicators support this caution, as the RSI is below 50 and the MACD is confirming bearish momentum.