Solana Chart Shows $69-$70 Support as Patel Names Near-$30 Accumulation Area

Solana’s four-hour chart placed immediate support at $69-$70 and resistance at $75-$76, while bearish momentum readings accompanied a broader decline from about $112 on Oct. 12.

The chart marked another support level near $65, with resistance above $75-$76 at $80 and $85. A four-hour candle opened at $69.95, reached $72.31 and dipped to $69.79.

Solana has made lower highs and lower lows since Oct. 12, breaking below $100, $90 and $80. Its four-hour relative strength index (RSI), a momentum measure, was 31.80, above its moving average of 27.46 but near oversold territory. The moving average convergence divergence (MACD) line was −3.54, below its −3.05 signal line, and the histogram was −0.49.

Michael van de Poppe described the price levels under discussion as potential accumulation points and said SOL could revisit its lows. He placed resistance for a recovery at $85 to $90.

Crypto Patel said his Wave B scenario did not play out and that SOL instead moved into Wave C, reaching the $70 area. He said support needed to hold for a possible reversal and that he was prepared to accumulate near $30 if it failed.