Solana Tests $60-$65 Support After Rejection at $76-$78
Updated
Updated · TradingView · Jun 19
Solana Tests $60-$65 Support After Rejection at $76-$78
3 articles · Updated · TradingView · Jun 19
Summary
SOL has fallen to the lower end of its recent range, with traders focused on whether the $60-$65 band can hold after a broad crypto sell-off.
The drop followed a rejection near $76-$78, leaving Solana trapped between mid-$70s resistance and support just above the psychological $60 level.
A break below $60 could trigger stop-loss orders and invite fresh short selling, especially if Bitcoin and Ethereum stay weak; a firm defense would reopen a path toward $70-$78.
Wider macro and geopolitical pressure has driven deleveraging across crypto, and that risk-off backdrop is overshadowing longer-term institutional adoption on Solana's network.
Can Solana's technology truly solve traditional finance's multi-billion dollar problems, or is this just institutional hype?
Wall Street is building its future on Solana, so why are investors and even Goldman Sachs abandoning the token?
Solana in June 2026: Record On-Chain Growth, Major Upgrades, and the Mystery of Depressed Prices
Overview
As of June 2026, Solana faces a striking paradox: its price is near a 12-month low, even as the network achieves major technological progress, strong institutional adoption, and rapid DeFi growth. This disconnect between price and fundamentals is highlighted by the upcoming Alpenglow upgrade, which aims to dramatically improve transaction finality and is seen as a key catalyst for Solana’s future. Despite these advancements, the market has yet to reflect Solana’s underlying strength, creating a core enigma explored in the report: why does Solana’s price lag behind its impressive progress and growing ecosystem?