The RSI is incremental, while the MACD is still bearish, which suggests the buying pressure has not mounted yet. With this, the possibility of a rejection may remain higher with the price heading back to the support.
Structure & Key Zones
- Resistance: $92
- Range Low / Major Support: $68
- Mid-Range Support: $80–$82 (demand zone)
The highlighted zone around $80 emerges as a critical area, aligning with your thesis of a potential liquidity sweep. A move toward this level could act as a reset, allowing stronger hands to accumulate before a possible rebound.
What Comes Next?
If Solana price fails to reclaim $92, the probability of a pullback toward the $80 support zone increases. This level is likely to attract buying interest and could act as a trigger point for a relief rally.
However, if $80 fails to hold, the downside could extend toward the $68 range low, which remains the key structural support. On the upside, only a decisive breakout above $92 would invalidate the current range-bound structure and open the path toward $100 and higher levels.
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