Solana pumping hard today (+3-5% in 24h) after short liquidations, now testing major resistance around $88-$90.
This looks like a classic bear trap / liquidity grab before continuation lower.
Short Bias Reasons:
Still down -30% YTD and trapped in a larger downtrend Heavy resistance at $90–$98 (50 & 100-day EMAs) Broader market showing exhaustion ETF inflows are there but not enough to break the macro structure yet