Solana Faces Critical support Level as Bearish Pressure Mounts
Solana (SOL) is facing a tough challenge as it struggles to regain control within its trading range. The price has been rejected at a key point,leading to a weak performance and signs of bearish pressure. This rejection has turned a once-supportive zone into resistance, compressing price action and leaving Solana vulnerable to further declines.
Currently, the $89 support level is crucial. If this level is breached, it could trigger a liquidity sweep and a swing failure pattern, potentially leading to a notable reversal. However, if Solana can reclaim the point of control, the bearish scenario could be invalidated, paving the way for a bullish move.
- rejection at the point of control puts pressure on Solana’s short-term trend.
- $89 support is critical for a possible swing failure pattern and reversal.
- Liquidity beneath current levels could fuel a bullish rotation back to $178–$252.
Traders should watch for a sweep of the $89 low and signs of a swing failure pattern as potential triggers for long entries. if confirmed, this could lead to a rally targeting $178–$252.If the price reclaims the point of control, consider adjusting the bias to favor bullish continuation. For more insights, check TradingView.
