Solana falls below $80, bears target $75 and $70 supports

Solana slipped below $85 and hit $78.30. Price holds under $80 and the 100-hour SMA.

Bulls defend $78–$75. Sellers broke the $81.50 trendline. Price sits under the 23.6% Fib of the $86.63–$78.30 drop. Source: hourly chart, Kraken data and NewsBTC chart view Solana chart.

Moves track pressure in Bitcoin and Ethereum, as covered by NewsBTC: Bitcoin recovery at risk, Ethereum recovery picks up.

Key levels
- Supports: $78, $75, then $70 and $62 on a close below $70 source.
- Resistances: $80.25, $82.50 (50% Fib), $85, then $88 and $92 if $85 breaks source.

Signals
- MACD on hourly stays in bearish zone source.
- RSI on hourly sits below 50 source.

A close above $85 would open $88, then $92. A loss of $75 risks $70, then $62. Levels and chart reference.

Asset mentioned: SOL.