{"id":74390,"date":"2026-06-22T13:57:40","date_gmt":"2026-06-22T13:57:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-price-reclaims-74-nearing-a-major-breakout-zone\/"},"modified":"2026-06-22T13:57:40","modified_gmt":"2026-06-22T13:57:40","slug":"solana-price-reclaims-74-nearing-a-major-breakout-zone","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-price-reclaims-74-nearing-a-major-breakout-zone\/","title":{"rendered":"Solana price reclaims $74, nearing a major breakout zone"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_29_-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_29_-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_29_-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_29_-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Solana (SOL) is stuck between $72 support and $76 resistance.<\/li>\n<li>Solana\u2019s price action shows a tight range with possible short-term rejection risk.<\/li>\n<li>$90 remains the key breakout level for a stronger bullish move.<\/li>\n<\/ul>\n<p>Solana has moved back above the $74 level after a period of sideways trading, putting the asset close to a key technical zone that traders have been watching for several days.<\/p>\n<p>The latest gains come after a gradual recovery from the lower $70 range, where price repeatedly found support before pushing higher.<\/p>\n<h2>Is this a correction within a larger bearish trend?<\/h2>\n<p>Recent price action shows Solana compressing inside a well-defined range between $62.08 and $76.00.<\/p>\n<p>This range has become the main battleground for buyers and sellers, with repeated reactions near both ends.<\/p>\n<p>On the lower side, support has been consistently observed around $69.50 and $62.08, where buying interest has prevented deeper declines.<\/p>\n<p>On the upper side, resistance is clustered between $76.00 and $83.00, a zone that has rejected multiple upward attempts in recent sessions.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-365413\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/06\/SOLUSDT_2026-06-22_16-09-04.png\" alt=\"Solana price chart\" width=\"1504\" height=\"904\"\/><\/p>\n<p>Some short-term technical analysis, however, suggests that the current upward move may still be part of a broader corrective phase within a larger bearish structure.<\/p>\n<p>Market analysis highlights the possibility of a short squeeze toward the $76 region, followed by a rejection if bulls fail to maintain momentum above resistance.<\/p>\n<p>If price is rejected from this zone, downside pressure could return quickly, with initial support at $69.50, followed by the lower boundary near $62.08.<\/p>\n<h2>The $76\u2013$90 range is now the key decision area<\/h2>\n<p>While short-term resistance sits near $76, higher timeframe analysis places a more important threshold at the $90 level.<\/p>\n<p>This zone has been highlighted as a structural breakout point that could determine whether Solana transitions into a stronger upward trend or remains in consolidation.<\/p>\n<p>A move above $90 could open room toward the $100 to $114 range, which has been identified as the next liquidity zone on higher timeframes.<\/p>\n<p>However, failure to break this level would likely keep price action trapped in a broader corrective environment.<\/p>\n<p>At the same time, one technical interpretation suggests that the current movement is still part of a countertrend rally within a wider bearish cycle in <a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/buy\/\">the crypto market<\/a>.<\/p>\n<p>Under this scenario, upward moves into resistance zones are viewed as temporary expansions designed to capture liquidity before potential reversals.<\/p>\n<p>This conflict between breakout potential and bearish continuation has created a split in analyst expectations.<\/p>\n<p>The $90 level now acts as the line between the continuation of the recovery and renewed consolidation.<\/p>\n<h2>Morgan Stanley\u2019s Solana ETF adds a layer of optimism<\/h2>\n<p>Beyond technical levels, institutional developments are also shaping sentiment around Solana.<\/p>\n<p>Morgan Stanley has reportedly advanced filings for proposed spot Solana and Ethereum exchange-traded funds (ETFs, with a proposed management fee of 0.14%, which would place them among the lowest-cost crypto ETF proposals currently under consideration.<\/p>\n<p>The structure of these proposed products includes staking mechanisms, in which a large portion of staking rewards would be returned to investors after operational costs are covered.<\/p>\n<p>Although these ETFs are not yet approved, the filings signal increasing institutional interest in structured Solana exposure through regulated financial instruments.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/solana-price-reclaims-74-nearing-a-major-breakout-zone\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Solana (SOL) is stuck between $72 support and $76 resistance. Solana\u2019s price action shows a tight range with possible short-term rejection risk. $90 remains the key breakout level for a stronger bullish move. Solana has moved back above the $74 level [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":74391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74390"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74390"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74391"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}