Solana held near $81.81 on the SOLUSDT spot chart as trader Alex Marzell warned that the next major move could break lower, pointing to repeated failures to hold recent rebounds inside a broad consolidation band.
In a post on X, Marzell wrote that a “break to the downside is waiting on $SOL,” framing the latest price action as vulnerable after a sharp selloff on the left side of the chart gave way to a choppy range.
SOLUSDT Spot Range Chart. Source: Alex Marzell on X (@MarzellCrypto)
The chart shows Solana swinging between the upper-$80s and the high-$70s, with multiple rejections near the top of the highlighted zone and quick pullbacks toward the lower boundary. After a brief spike toward the upper end of the range, price slipped back toward the middle, leaving Solana trading closer to the lower half of the band than the recent peak.
Solana flag pattern highlights $76 as breakout trigger
Solana is shaping a flag pattern on the 4 hour chart, according to analyst Ali Charts, who said the setup centers on a single decision point. In a post on X, the account wrote that “Solana $SOL appears to be forming a flag,” and added that “$76 is the key level for a breakout.”
Solana 4 hour chart flag setup. Source: Ali Charts on X (@alicharts)
A flag typically forms after a sharp directional move, then pauses inside a tight range as traders reset positioning. Here, the chart shows a steep slide, followed by sideways swings inside a boxed zone that compresses toward the right edge. As a result, the structure puts more weight on the range floor than on the recent bounces inside the band.
If Solana breaks and holds below $76, the chart implies the pattern resolves lower, and sellers could target progressively deeper levels that the graphic marks down the right side. However, if buyers defend $76 and force a reversal back through the upper boundary of the flag, the breakdown thesis weakens, and traders would likely treat the move as a failed breakdown that resets near term momentum.
Either way, the flag keeps attention on the same trigger point, because a clean move away from the range would confirm the next direction.
Source: https://coinpaper.com/15043/solana-faces-a-make-or-break-level-as-charts-warn-of-a-possible-breakdown
