Solana's $73.56 Level Could Send Price Tumbling Toward $70

Solana is attempting to establish a short-term bottom after briefly falling below $73.56, a level that could send SOL back toward $70 if lost.

The cryptocurrency is currently defending the $74-$76 support zone and has shown signs of bullish momentum building up towards $93.

A swing failure pattern near support suggests sellers were trapped, and buyers absorbed the liquidity below the level. This could signal a stronger breakout and bring the larger $93-$97 area into focus if current support remains intact.