Solana’s $73.75 Support Is a Key Pivot, With Risk of Drop to $60
Suehyeon Lee
Summary
- Ali Martinez said $73.75 is the key level that will determine Solana’s next move and its most important support level.
- He said if Solana continues to close below $73.75, investors who bought at that level could fall into losses, raising the risk of heavier selling pressure.
- Martinez added that if Solana stays below $73.75, the next major downside target is $60, and if $60 also breaks, there is little clear support until $50.
Forecast Trend Report by Period
Solana could fall to as low as $60 if it fails to hold support at $73.75, as additional selling pressure may build, crypto analyst Ali Martinez said.
On July 28, Martinez said $73.75 is a critical level for determining Solana’s next move. More than 50 million SOL was bought in that range, making it the token’s most important support level at present.
A sustained close below $73.75 could push investors who bought at that level into losses. That, in turn, could intensify selling pressure.
If Solana remains below $73.75, fresh selling pressure could emerge, with the next major downside target at $60, Martinez said.
He added that if $60 also breaks, there is little clear support until $50.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.