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Solana drops into $60-$40 support zone after 80% fall, with potential for long-term recovery to $500-$1,000.

Technical Signals
07 Jun 2026
Coinpaper
View Source
Neutral
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Solana (SOL) has fallen nearly 80% from its January 2025 peak, reaching a critical support zone between $60 and $40 where buyers may start accumulating. Analysts highlight this area as a key demand zone backed by technical and Fibonacci levels, suggesting it could mark the start of a long-term recovery. Liquidity data shows most long positions have been liquidated, with a major cluster of short positions near $89, which could act as resistance if prices rise. The outlook remains cautiously optimistic, with a potential rebound toward $500-$1,000 if Solana holds support and regains momentum, though no bottom confirmation has appeared yet.

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