Solana price is testing key resistance near $89 after a sharp rejection, with $77 support now in focus as traders assess whether the next move targets $110 or slides towards $60.
Solana price is now once again trading at an important point, with price hovering near $84 after a sharp rejection from a well-defined supply zone. Recent price action shows a strong intraday push that stalled near $89, a level that has repeatedly acted as resistance over the past several sessions.
According to Brave New Coin data, SOL is currently trading around $84.41, up just over 3% in the last 24 hours. While short-term momentum attempted to turn higher, the broader structure suggests that bulls still face heavy overhead supply.
Solana price trades at $84.41, up 3.09% in the last 24 hours. Source: SOL price via Brave New Coin
Key Supply Zone Around $89 Triggers Rejection
The 1-hour chart shared by CryptoAnalystSignal shows that SOL rallied aggressively into the $88–$90 region, where a marked resistance zone sits. This area has previously capped upside attempts, and the price once again reacted sharply after tapping into it.
Solana faces repeated rejection at the $88–$90 supply zone as short-term momentum cools below key resistance. Source: CryptoAnalystSignal via TradingView
The rejection from this zone has shifted short-term momentum back to the downside, with price now drifting lower towards interim support levels.
From a technical standpoint:
- Immediate resistance: $88–$90 supply zone
- Intraday support: $83.30
- Secondary support: $80.50
- Deeper downside level: $77.20
As long as SOL remains below the $89 resistance band, the short-term bias leans cautious.
RSI and Momentum Show Mixed Signals
Momentum indicators are offering a split picture. James higher timeframe, weekly RSI has started to curl slightly upward, and stochastic indicators have shown early bullish flips, signalling that sometimes precede broader recovery phases.
Weekly RSI begins to curl higher. Source: James via X
However, on the lower timeframes from CryptoAnalystSignal, RSI remains capped under a descending trendline and has recently turned down after testing mid-range resistance. This divergence between timeframes reflects the current market condition: short-term weakness inside a broader attempt at stabilization.
If RSI breaks its descending structure on the hourly chart, it could support another attempt at the $89 zone. Until then, momentum remains fragile.
Solana’s Resilient ETF Inflows
Beyond technical structure, the recent Ali Martinez chart shows that Solana ETFs recorded approximately $43.75 million in positive inflows last week. Sustained inflows can provide medium-term support by increasing institutional exposure and improving sentiment around the asset.
Solana ETFs log $43.75M in weekly inflows, signaling growing institutional interest as price tests key technical resistance. Source: Ali Martinez via X
While ETF flows do not override short-term resistance levels, they can strengthen the broader recovery narrative if price begins to reclaim key technical zones.
In other words, fundamentals are gradually improving, but the chart still needs confirmation before flipping bullish.
$110 or $60 — What Next for Solana Price
Crypto analyst DrBullZeus recently highlighted the broader range structure on SOL, asking whether the next move targets $110 or collapses towards $60. His chart shows price breaking below a mid-range support zone before attempting a rebound.
The structure suggests that:
- A reclaim of the upper range could open the path towards $100–$110.
- Failure to hold support increases the probability of a move towards the $60 region.
This reinforces the idea that SOL is not in a confirmed trend; it is sitting at a range decision point.
Solana sits at a key range decision point, with a reclaim opening $100–$110 upside while failure risks a deeper slide towards $60. Source: DrBullZeus via X
Market Structure: Breakdown or Range Continuation?
Price action over the past several days suggests SOL was consolidating within a range before the recent push higher and the subsequent rejection. A clean move back above $89 would open the door towards $100 and potentially $110–$115 in an extended recovery scenario.
However, failure to reclaim the supply zone keeps downside risk active. If sellers maintain control below $89, the path of least resistance shifts towards:
- $83.30 as the first reaction level
- $80.50 near the 100-period moving average
- $77.20 as a deeper support area
A breakdown below $77 would significantly weaken the short-term structure and increase the probability of a move towards the $60 region.