Solana is navigating a tense short-term phase as price action tightens around key levels. Recent chart developments suggest a clash between bearish breakdown signals and emerging buyer support.
While momentum briefly weakened after rejection near resistance, dip buyers have started to reappear. Consequently, traders now watch whether Solana stabilizes or extends losses toward lower targets.
Bearish Pressure Builds Below Resistance
Ali Martinez highlights a breakdown from a symmetrical triangle on the one-hour chart. This move followed a rejection near the $87–$88 resistance zone. As a result, short-term momentum shifted in favor of sellers. Price slipped below rising support near $85 and tested the $83 region.
Moreover, this breakdown aligns with a measured move pointing toward $77. That level now stands as a key downside target.
Immediate support rests at $83, which continues to act as a fragile floor. If that level fails, selling pressure could accelerate quickly. However, a recovery above $85 would weaken the bearish structure.
Liquidity Zones Suggest One More Drop
CW8900 presents a slightly different perspective while maintaining a cautious outlook. The analyst notes a lower-high structure followed by a sharp rejection near $87.5–$88. In addition, liquidity clusters above $89 indicate strong sell-side interest.
Price currently consolidates between $84 and $85 after defending support near $83.2. Besides, heatmap data shows stronger bid liquidity sitting around $82.5–$83.
Source: X
This setup suggests a potential liquidity sweep before any sustained rebound. Hence, a brief drop toward $82 remains possible.
A reclaim above $85.5 could stabilize momentum. However, the market may still require a final shakeout. Consequently, traders should expect volatility before any clear directional move.
Buyers Defend Key Reversal Zone
BitGuru offers a more constructive outlook despite the recent pullback. According to this view, Solana remains within a broader bullish structure. The retracement toward the $83–$84 zone represents a healthy correction rather than a breakdown.
Significantly, buyers have started defending this reversal zone. This reaction suggests ongoing demand at lower levels. If price pushes back above $87–$88, bullish momentum could expand rapidly. Additionally, a move toward $90.95 may follow if strength continues.
However, losing the $83 level would expose downside risk toward $78. Therefore, this zone remains critical for both bulls and bears.
As of press time, Solana trades near $84.53, showing a modest daily gain. Trading volume remains elevated, reflecting active participation. Although the weekly trend shows a decline, intraday strength hints at resilience.
Source: https://coinpaper.com/16693/solana-price-prediction-can-sol-rebound-from-reversal-support-or-slide-toward-77
