Solana Enters Strong Resistance Zone, Faces Risk of Pullback to $71

Solana has entered a strong short-term resistance zone, raising the possibility of a price correction, crypto analyst Ali Martinez wrote.

In a post on X on June 21, Martinez said Solana was running into heavy resistance.

Since a TD Sequential buy signal was confirmed on June 20, Solana has rebounded about 8.4% to $74.27 from $68.46. But the short-term chart is now showing signs that the rally may be losing momentum, he wrote.

Martinez said the advance could pause in the near term. If a correction occurs, he identified $71 as the first target in a mean-reversion move. If the decline extends further, Solana could revisit the area around $68, the low recorded on June 20.