Solana tests $60-$65 support after broad crypto sell-off
**Solana Tests $60–$65 Support After Sell-Off**
Solana (SOL) is hovering near $60–$65, a key support zone after a broad crypto pullback. Traders are watching this level for signs of stabilization or deeper decline.
The token faced rejection at $76–$78, leaving it trapped between overhead resistance in the mid-$70s and support just above the psychological $60 mark. A decisive hold here could give bulls a defined floor and a recovery path toward recent highs.
If $60 breaks, stop-loss triggers and short selling could accelerate the drop, especially if Bitcoin and Ethereum stay weak.
The bullish scenario: hold $60–$65, form higher lows, then reclaim short-term resistance.
The bearish scenario: confirmed breakdown below $60 with a move toward deeper liquidity areas.
This move comes amid market-wide deleveraging driven by macro and geopolitical tensions. Stability in broader crypto markets will likely dictate SOL’s next direction.
