Solana (SOL) has continued to struggle despite a 2.65% daily gain, as ongoing geopolitical tensions and a key technical breakdown weigh on sentiment.
At press time, SOL traded at $65.40, with trading volume climbing 25% to $2.98 billion, reflecting renewed market activity.
The altcoin's recent break below the multi-year support level at $76.25 has left investors watching for further signs of weakness, with some predicting a potential decline towards $50 if SOL remains below this key level.
However, a sustained move back above $76.25 could invalidate this bearish outlook and suggest that SOL's recent recovery is more than just a relief bounce.