Solana (SOL) is attempting to reclaim key price levels after a sharp rebound from its critical $60 weekly support zone. The token is now testing the $67 level, a previous February low, which must be flipped into support for a sustained recovery. According to analyst Daan Crypto Trades, reclaiming $67 would signal an early shift in market structure toward the bulls, opening the path toward $79 and $95 resistance. However, failure to hold could trigger another decline to the $60 demand area.
On the 4-hour chart, SOL is edging toward overhead resistance near $70, a level that coincides with the upcoming Federal Open Market Committee (FOMC) meeting. Analyst Matthew Dixon noted that a hawkish tone from the Fed—signaling higher interest rates—could pressure risk assets and limit Solana’s upside. The RSI has recovered from oversold conditions, but momentum remains fragile. Dixon also expects a broader low around October, tied to Bitcoin’s halving cycle, suggesting the current move may be a short-term relief rally unless SOL breaks above $70 convincingly.
