📉 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

⸻

🧠 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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