Solana is currently struggling to reclaim a key point of control within its trading range, leading to a weak rejection and signs of bearish compression. As the price remains below this critical volume zone, it opens up the possibility of a move below $90, a region primed for a potential liquidity sweep and swing failure pattern that could set the stage for a significant reversal.
Solana’s (SOL) recent price action suggests an effort to build a base, but bullish momentum is being capped by its inability to reclaim the range’s point of control—where the majority of recent trading activity has occurred. This failure has turned that zone into short-term resistance, compressing price action and leaving Solana vulnerable to further downside unless reclaimed decisively.
Key points covered in this article:
- Rejection at the point of control puts pressure on Solana’s short-term trend
- $89 support remains critical for a possible SFP and reversal trigger
- Liquidity beneath current levels could fuel a bullish rotation back to $178–$252
Solana’s rejection at the volume point of control has created a precarious technical setup. This level, once acting as support, has flipped into resistance, tightening price action and amplifying the likelihood of a liquidity-driven dip. Unless Solana reclaims this volume node with conviction, the short-term outlook remains defensive for bulls.
The $89 support, just under the psychological $90 threshold, is now a key area to watch. It marks a swing low that remains untouched and sits in a high-liquidity zone. A sweep of this level followed by a clear swing failure pattern could trigger a strong reversal, with upside targets in the weekly structure zone between $178 and $252.
It’s essential to understand that markets hunt liquidity, and the region below $90 is likely loaded with stop orders from traders holding positions between $130 and $100. A move into this liquidity pocket would be consistent with typical market structure, especially in a consolidating asset. However, if Solana manages to reclaim the point of control before that happens, this bearish scenario becomes invalidated, and a more bullish outlook resumes, favoring continuation toward higher resistance levels.
How to trade this setup:
Wait for a sweep of the $89 low, and look for signs of a swing failure pattern as a trigger for long entries. If confirmed, position for a potential rally targeting $178–$252. If price reclaims the point of control, consider adjusting the bias to favor bullish continuation. It is important to use price action upon discretion and management according to your trading system
