Solana: A Critical Moment That Could Decide the Next Major Move

After an extended sell-off, Solana (SOL) has reached a price area that historically forces the market to reveal its hand.

According to technical analysis shared by crypto trader GainMuse, the asset is now testing a long-term structural demand zone following months of declining momentum and repeated breakdowns from consolidation.

At the time of writing, SOL is trading near $84, stabilizing after a sharp downside move that accelerated through multiple former support zones. The current price behavior suggests the market has entered a decision phase rather than a continuation of the prior impulse.

Structural Breakdown Leads Into Long-Term Demand

GainMuse’s chart highlights a sequence of failed recoveries, where each bounce was capped by descending resistance. This structure ultimately resolved lower, pushing SOL into a long-term ascending support trendline that has historically acted as a reaction area.

The breakdown from consolidation confirms broader weakness, but selling pressure appears to be slowing as price approaches this structural base. The visible compression and reduced downside follow-through suggest that aggressive sellers may be losing control near current levels.

As long as SOL holds above the $80–$85 region, the market remains technically positioned for a stabilization phase rather than immediate continuation lower.

Short-Term Price Action Shows Exhaustion Signals

The accompanying price chart shows SOL bottoming near $78–$80 before rebounding back toward $84, followed by tight consolidation. Volume expanded during the initial sell-off, then faded as price stabilized, a pattern often associated with seller exhaustion rather than fresh distribution.

From a structural perspective, this area represents the last visible demand zone before price would enter a lower range not tested in the current cycle. Failure to hold this base would expose SOL to deeper downside, while sustained acceptance above it opens the door to a technical rebound.

What the Market Is Watching Next

If the current demand zone holds, Solana could attempt a corrective move toward the descending resistance region near $95–$100, where previous breakdowns occurred. That level remains the first major test for any recovery attempt and would determine whether the move is corrective or structural.

Until then, price behavior around $84 remains pivotal. This zone is now the line separating continuation from potential reversal, making it one of the most important technical areas for Solana in the near term.

The post Solana: A Critical Moment That Could Decide the Next Major Move appeared first on ETHNews.