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Solana price forecast: break below $72 or invalidate the $106 pattern

2026-07-20 00:46:37
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Solana adheres to the lower edge of the upward structure and targets the US$83 -90 range.

Solana is currently hovering at the lower edge of its upward structure, allowing the recovery trend towards the US$83 -90 range to be maintained. Once a clear break through this area, it may open the channel for moving towards US$106; while losing US$72 will weaken the current pattern.

Solana holds $72 -75, returns to $106 target

Solana is retesting a key demand area after regaining the five-month range that has dominated prices since February. Holding on to US$72 -75 may form a higher low and support it to launch another attack into the US$83 -85 region, and then challenge the range high near US$106.

The broader range extends approximately from $67.50 to $106. During a sharp sell-off in June, SOL briefly fell below the lower boundary, but quickly rebounded, indicating that sellers had failed to confirm a sustained break.

Most trading activity within the

range occurs between US$78 and US$92, with the main volume points around US$85. A daily close near the June high of $83 could bring prices back to this high-volume area and strengthen the argument for a move towards $106.

In the short term, the US$72 -75 region will remain the main support area. Buyers need to hold on to this area and regain $76 -78 to show that the latest round of decline is forming a higher low rather than starting a new round of downward breaks.

A clear breakthrough of $83 -85 will improve the price structure, but SOL may remain volatile until it effectively breaks through and settles on $106. This breakthrough could open the way to move towards $150 or higher in subsequent cycles.

If prices fall below US$71, the bullish pattern will face weakening. Any further loss near the June low of $62 will negate expectations of range recovery and return control to sellers.

Solana holds the rising channel, the $90 target emerges

After a controlled pullback from the $83 region, Solana is testing the lower boundary of a broader rising channel. Holding current support could keep the bullish structure intact and prepare SOL for another $90 shock.

The recent downtrend has developed within a smaller downtrend channel, suggesting that this correction may be just a correction rather than a complete trend reversal. SOL now needs to break through that downward channel and regain the $77 -78 area to confirm that buyers are regaining control.

A successful breakthrough may first push prices back into the $82 -84 region, a position where previous rallies have been blocked. Clearing this resistance level will open the way for moving towards the upper boundary of the larger rising channel (approximately $88 -90).

However, this pattern depends on whether SOL can hold near $74 -75. If it breaks decisively below the rising channel, prices may first test down to $72 and then hit deeper support around $68 -70.

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