Solana Faces Critical Support Level as Bearish Pressure Mounts
Solana (SOL) is struggling to regain control within its trading range. The price has been rejected at a key point, leading to bearish compression. This rejection suggests that Solana might drop below $90. If this happens, it could trigger a notable reversal.
The recent price action shows Solana trying to build a base. However, it can’t break through the point of control. This zone, where most trading activity has occurred, has become resistance. This is putting pressure on Solana’s short-term trend.
- Rejection at the point of control pressures Solana’s short-term trend.
- $89 support is crucial for a potential reversal.
- Liquidity below current levels could fuel a bullish move back to $178–$252.
The $89 support level is critical. Its a swing low in a high-liquidity zone. If Solana sweeps this level and shows a swing failure pattern, it could trigger a strong reversal. The upside targets are between $178 and $252.
Traders should wait for a sweep of the $89 low and look for a swing failure pattern. If confirmed, consider long entries targeting $178–$252. If Solana reclaims the point of control, adjust the bias to favor bullish continuation. Always use price action with discretion and according to your trading system.
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