Solana may have started the next major decline following a corrective B-wave rally from the February lows. In this video, we review the latest Elliott Wave structure, discuss the dominant 260-day time cycle, and explain why downside pressure remains elevated.
We analyze the breakdown below the rising channel, the key support regions between $62-$43 and $48-$17.50, and the resistance levels that bulls need to reclaim before a meaningful recovery can be considered.
The primary Elliott Wave count suggests that Solana may currently be in a larger third wave decline, while an alternative scenario still allows for a low to form after one additional move down.
Solana (SOL) is trading at approximately $67.94 to $71.68, representing a sharp 5.5% to 7% decline over the last 24 hours. The asset has officially broken below its critical technical support floor of $75 to $78, hitting a new local low amid an accelerated crypto-wide sell-off
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Solana (SOL) Price News & Insights Today 4-6-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More Crypto Online.
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Solana Insights Today
Despite bearish short-term price movements, Solana's foundational network indicators remain fundamentally strong:
-Mastercard Stablecoin Pay: Mastercard officially announced an always-on stablecoin settlement integration on Solana, utilizing the layer-1 network to settle transactions across its massive global network of 3.7 billion cards.
-Alpenglow Network Upgrade: Anticipation is building for the upcoming Alpenglow upgrade slated for Q3, which is expected to optimize network throughput and lower fee volatility even further.
-Solana Incubator Program: The application deadline for the New York City Solana Incubator closes on June 5, 2026, promising fresh development talent and project fundraising within the ecosystem.
-ETF Fund Milestone: Cumulative inflows into Solana spot ETFs have officially crossed the $1 billion milestone.
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