📉 Solana (SOL) price action Analysis🚨
1️⃣ Key Resistance: $90
• SOL has been rejected multiple times below $90 over the last 4 days.
• Each push into the $88–90 zone is met with strong supply, indicating distribution rather than accumulation.
• This level is acting as a range high / sell wall, likely defended by larger players.
2️⃣ Market Structure
• SOL remains in a bearish structure on the short-term timeframes:
• Lower highs forming
• No strong bullish displacement candle above resistance
• Price is compressing under resistance → typically resolves in the direction of the trend (down).
3️⃣ Volume & Order Flow
• Upward moves show declining buy volume
• Sell candles are more impulsive → confirms seller dominance
• Indicates bulls are defensive, not aggressive
4️⃣ Liquidity & Trap Risk
• Repeated attempts above $88–89 may be liquidity grabs
• If price briefly wicks above $90 without acceptance, it could trigger long liquidation → sharp downside move
5️⃣ Key Downside Levels to Watch
• $82–80: First liquidity pocket / weak support
• $76–74: High-probability reaction zone
• $68–65: Macro support if market momentum accelerates lower
6️⃣ Bullish Invalidation
• A clean break and hold above $90
• Strong close with volume + retest as support
• Without this, rallies remain sell-the-rip opportunities
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🧠 Summary
SOL is currently range-bound below a major resistance, with seller control clearly visible. Until bulls reclaim $90 with conviction, the bias remains bearish, and downside liquidity is likely to be explored.
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