Solana Price Reclaims $85, but On-Chain Data Tells a More Cautious Story

Crypto markets

The $88–$92 resistance band now stands out as the first major supply zone. This region aligns with prior breakdown levels, short-term moving averages, and the upper boundary of the declining structure. A clean daily close above this zone would be required to shift market structure and open the door toward $100. Until then, upside moves risk being sold into. On the downside, immediate support now rests near $80, followed by the broader demand block around $72. As long as SOL holds above $80, the rebound structure remains intact. A failure back below that level would signal that the current move is losing momentum and could drag price back toward the lower demand area. Overall, Solana’s price action reflects stabilization after a sharp sell-off, but confirmation of a trend reversal remains absent.

Final Thoughts

Solana’s price recovery toward $85 reflects short-term relief driven by oversold conditions and cooling on-chain metrics, including declining futures leverage and stabilizing spot volume. That said, exchange inflows and muted follow-through buying suggest conviction is still building. A sustained push above the $90–$95 resistance zone, backed by rising spot demand and reduced sell pressure, is needed to confirm a durable trend shift rather than a temporary rebound.

FAQs

Why is Solana (SOL) price recovering after the sell-off?

Solana is rebounding as selling pressure eased and leverage was flushed, leading to stabilization rather than strong new buying.

Is the current Solana recovery sustainable?

Sustainability depends on rising spot volume and continued demand. Without that, the move remains a technical rebound.

What is the short-term outlook for Solana price?

Short term, SOL may consolidate as the market recalibrates. A trend reversal needs stronger buying and a close above $90.

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