Solana’s MVRV Bands Signal Support at $75 Amid Sharp Sell-Off

[etfs]

Solana (SOL) price has plunged to $67, touching the lowest boundary of its MVRV extreme deviation band at $75 — a level that historically marked SOL bottoms in 2020 and 2022.

While the head-and-shoulders pattern hints at further downside toward $50 or even $30, the MVRV band could provide temporary relief for traders looking for a bottom. A break below $75 may open the door for the next leg of the correction, mirroring past cycles.

[bred]

MVRV band hits usually matter for SOL.

[The_Walking_Dead]

$75 is a key make-or-break level.

[Capybara_Capybara]

Head and shoulders still looks risky.

[Revenant]

$50 isn’t impossible if $75 breaks.