Solana Tests $60–$65 Support After Rejection of Higher Resistance
Solana has retreated to test the $60–$65 support zone after failing to hold higher resistance levels, according to market data. SOL recently surged 20% from June lows and now trades near $75, a critical level that could determine whether the token reclaims its multi-month consolidation range.
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Story Updates
- Updated Oct 1, 2026, 10:06 AM: Solana rallied to $117.25 this week; Ali Martinez identified $100 on-chain support level with 40M+ SOL volume.
- Updated Sep 30, 2026, 12:13 AM: Confirmed SOL trading near $75 with updated on-chain bridge inflow rankings and technical level reassessment.
- Updated Sep 30, 2026, 12:06 AM: SOL surged 20% from June lows and now trades near $75, a critical level for reclaiming multi-month consolidation range.
- Updated Sep 26, 2026, 07:01 PM: Solana has retreated to test $60–$65 support zone after rejecting higher resistance levels.
- Updated Sep 24, 2026, 06:02 PM: Solana rebounded to $116 by late September after pulling back from $120 resistance; 4-hour Supertrend held.
- Updated Sep 23, 2026, 02:05 PM: Solana has recovered to trade near $74, positioning it within a $72–$76 range with $90 as the key breakout level.
Recent Price Action and New Highs
Solana has traded as high as $117.25 this week, a 15.9% gain over the past seven days, according to CoinGecko data. The advance follows an earlier push to approximately $116 in late September and represents a test of psychological resistance around the $100 level. Analyst Ali Martinez has identified strong on-chain support at $100, where at least 40 million SOL changed hands historically, suggesting institutional positioning at that threshold.
Technical Levels and Support Clusters
On-chain analyst Ali Martinez previously identified a support cluster between $65 and $71, where more than 60 million SOL changed hands, indicating institutional positioning through prior volatility. The $100 support zone now represents a second layer of institutional bids; a sustained hold above $100 could signal strong demand from larger holders. The $75 level continues to serve as a critical technical pivot: a break above it signals momentum toward the $100 zone, while failure to hold $75 could lead back toward the $65 support threshold.
Protocol Strength Independent of Price
Despite price volatility and recent rallies, Solana ranked third among all blockchains by 30-day net bridge inflows—a metric suggesting protocol-level strength decoupled from token price movements. This on-chain activity indicates ongoing developer and user onboarding momentum persists regardless of near-term price direction. Bridge inflow strength independent of price movements reaffirms Solana as a viable development platform across market cycles.
Why It Matters
For Traders
A sustained move above $100 could trigger stops and accelerate toward $116 resistance; below $75 risks a retest of $65 support within days.
For Investors
Bridge inflow resilience during price rallies suggests demand-side protocol strength; token appreciation may reflect broader adoption rather than speculation alone.
For Builders
Continued network activity during volatile price swings reinforces Solana as a stable platform for shipping; infrastructure reliability persists independent of market sentiment.
This article is for information only and is not financial advice. Read the full disclaimer.
