Solana Distribution Pattern Keeps $190 in Focus for Bulls

Solana extended its decline this week as selling pressure pushed the token toward a critical technical zone. The asset trades near $80 after losing over 12% in seven days. Daily volume exceeds $4.3 billion, showing active positioning from both bulls and bears. 

With a market cap above $45 billion, Solana remains a major large-cap asset. However, analysts now debate whether this level marks a short-term floor or signals further downside. 

Support at $72 and $64 Faces Early Pressure

Morecryptoonl notes that market structure still looks weak on higher timeframes. The analyst explains that buyers must defend price before a break below $72. 

Otherwise, the probability of another leg lower increases. Moreover, the chart lacks a clear five-wave impulsive move upward. Hence, conviction around a confirmed bottom remains limited.

If buyers step in quickly, last week’s low could hold as a base. However, that scenario requires a decisive break above $90. Without that breakout, risk stays tilted toward another sweep of liquidity. Morecryptoonl identifies $62 as the next key support if weakness continues.

Additionally, ErickCrypto21M tracks similar levels but places stronger emphasis on $64. According to that analysis, $64 acts as major structural support. The analyst sees resistance around $95 before any sustained upside. 

Consequently, price may retest $64 before attempting a broader recovery. A move above $95 would improve medium-term sentiment significantly.

Distribution Pattern Keeps $190 in Focus

Beyond short-term levels, Solana still trades inside a broad distribution range. The token rejected the prior 2021 all-time high zone near $260. Since then, price carved a visible head-and-shoulders structure. Breakdown pressure accelerated toward the $80–$81 area. This zone now serves as critical short-term support.

Source: X

ReetikaTrades references Capo’s broader outlook on Solana. That view anticipates a sharp rebound toward $190 before deeper downside. 

Significantly, $190 aligns with prior supply and heavy resistance. A relief rally toward $100 and possibly $135 could develop first. However, sustained weakness below $80 would shift focus to $51 support.

If selling intensifies further, extended targets between $25 and $20 emerge. Consequently, traders now monitor $80 closely as a decision point. Solana stands at a crossroads where buyers must prove strength quickly.