Solana price fell below the level $85 This has more significance than it seems, as this level acts as short-term support, and its loss clearly shifts control to the sellers.
Momentum is waning; The Relative Strength Index (RSI) is drifting towards the oversold zone, while the MACD remains negative, confirming that buyers have not yet intervened aggressively.
The main problem is air resistance, as the area has become in-between. 86 and 88 dollars Acting as a price ceiling, the currency went bankrupt GROUND It has already rallied several times, reinforcing the current downward pressures.
Additionally, financial flows do not look encouraging as demand for ETFs remains weak. A decline in social activity also indicates a decline in interest in the currency, which typically leads to long, slow periods of consolidation rather than rapid recovery.
Will Solana price regain the $90 level, or will the path open towards $77?
Moving part GROUND Currently inside a descending channel, it is experiencing a state of price pressure between… 84 and 86 dollars Almost without clear and defined direction.
The pivot level is $86.3; If Solana manages to close above this level, the price structure will begin to change, opening the door for a rise into the mid-90s.
On the other hand, this represents a level $84 Short-term support, but the actual level is at $80. If the latter is ruptured, the decline could quickly accelerate toward mid-70s levels.
Currently, the most likely scenario is the continuation of the consolidation movement between… 81 and 87 dollars With a narrow trading range.
In short, we are faced with a situation of pressure on prices, and the solution will come from crossing a level $86 Up or $80 Below, not in the current range.
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