Can Solana Hold $60 As Bearish Pressure Builds?

Solana is struggling to find stable ground as market sellers continue to dominate the short term price action. Recent attempts to push the token above eighty dollars failed completely, leaving traders to wonder if the price could slide down toward the sixty dollar mark.

This inability to maintain upward momentum points toward extended losses through the month of August. Technical charts show a weak price structure, meaning buyers are hesitant to step in with large amounts of capital right now.

Traders should watch the sixty dollar support zone very closely over the next few weeks. If that level breaks, the market could see a much deeper correction before any meaningful recovery takes place.