Solana has entered the $70-$50 accumulation zone after a sharp decline from higher levels. On-chain data now points to $53, $35, and $24 as the next major support areas if selling pressure continues. Solana Enters Key Accumulation Zone as Analyst Targets Long-Term Recovery Solana (SOL) has moved into a major support region that analyst Crypto Patel describes as a long-term accumulation zone. The chart highlights a broad buying area between $70 and $50, where the analyst believes the current correction could begin attracting long-term investors. Solana Chart (SOL/USD). Source: Crypto Patel on X The analysis focuses on a support range that has historically attracted buying interest during periods of market weakness. According to Crypto Patel, SOL has now entered that zone after an extended decline from previous highs. The chart suggests the analyst is gradually accumulating spot positions rather than attempting to time an exact market bottom. This approach is based on a multi-year outlook rather than short-term price movements, with the accumulation area spanning from $70 down to $50. From a technical perspective, the highlighted range represents a major demand zone where buyers could begin absorbing selling pressure. Market participants often monitor such areas for signs of stabilization after prolonged downtrends. The long-term thesis presented in the chart remains focused on future recovery potential rather than immediate price action. According to the analysis, the accumulation strategy is tied to a broader outlook that anticipates a potential return toward substantially higher levels if Solana enters another major growth cycle. For now, the key area remains the $70-$50 support zone. As long as SOL remains within this range, the chart continues to frame the current market phase as a potential long-term accumulation period rather than a trend-confirming breakout. Solana Drops Below $77 as On-Chain Data Highlights Lower Support Zones Solana (SOL) has fallen below the $77 level, prompting analysts to focus on lower price areas where significant investor activity previously occurred. According to Ali Charts, the UTXO Realized Price Distribution (URPD) model identifies several key zones that could attract attention if the current decline continues. Solana UTXO Realized Price Distribution (URPD). Source: Ali Charts on X / Glassnode The chart shows where large amounts of SOL last moved on-chain, creating clusters of realized prices that often act as important support or resistance areas. The largest concentration of activity appears near $82.60, a level that now sits above the market after SOL dropped below $77. According to the URPD data, the next major cluster is located around $53.10. This level represents one of the largest realized supply concentrations below current price levels, making it a key area to monitor if selling pressure persists. Additional support zones appear near $35.40 and $23.60. These regions contain notable concentrations of previously transacted SOL and could become important levels where market participants reassess value during a deeper correction. The chart also highlights several smaller realized supply clusters between these major zones. However, the strongest areas of historical on-chain activity remain concentrated around $53, $35, and $24, which are the levels identified by the analyst. For now, the focus remains on whether SOL can stabilize after losing the $77 region. If downside pressure continues, the URPD data suggests the next major areas of interest lie at $53, $35, and $24.
