According to CoinMeta, Solana ( SOL ) is testing the $69 support level, with a current market value of approximately $42.8 billion. The market is watching for signs of recovery. After experiencing a rise from around $8 to $295, SOL has fallen by more than 75%. Currently, SOL is trying to stabilize within the $69 to $74 support range, but there has not yet been a confirmed bullish reversal. If it can maintain the $69 support level, it may preserve the possibility of a broader bottom. Buyers need to push SOL up to the recent consolidation range of $80 to $85 to show an improvement in short-term momentum. In terms of market capitalization, Solana's market capitalization has continued to decline from over $120 billion to about $42.81 billion, indicating a sharp contraction in network valuation and token price. The current market value range of $40 to $5 billion is the main area of monitoring; if it can be maintained above this lower limit, it may stabilize the valuation of Solana.