SOLUSD Break Below 71 Could Extend Losses Toward 56
Solana has recovered toward the key $75.00 area, but the broader trend remains bearish. The chart is forming a symmetrical triangle, so the next breakout may determine the direction of the larger move.
A confirmed breakdown below $71.88 could strengthen selling pressure and open the way toward $62.50 and $56.25. The bearish Bollinger Bands, negative MACD and overbought Stochastic oscillator support this scenario.
The bullish outlook would become relevant only after a breakout and consolidation above $78.12. In this case, SOL could advance toward $87.50, $93.75 and $98.40.
Support: $71.88, $62.50, $56.25
Resistance: $78.12, $87.50, $93.75, $98.40