The recent price action of Solana ($SOL )(SOL/USDT) shows signs of short-term weakness as the market trades around $86.66, reflecting a -1.89% decline over the last 24 hours. The asset faced resistance near the $88.38 high and failed to maintain bullish momentum, leading to a gradual pullback.
On the lower side, $85.14 acts as immediate support. A breakdown below this level could trigger further downside pressure, potentially pushing the price into a deeper correction zone.
The price is currently trading slightly below the MA60 (87.03), indicating a bearish intraday trend. The chart also shows lower highs forming, which suggests weakening buying strength and increasing seller control.
Key Levels:
Resistance: $88.30 – $89.00
Support: $85.10 – $84.50
Market Outlook: The short-term trend remains slightly bearish, with consolidation likely unless buyers reclaim the $87–$88 range. Traders may look for quick scalping opportunities while maintaining tight risk management due to ongoing volatility.$SOL
