Saad Ullah
Solana price action remains uncertain as the market continues to develop a complex structure following its recent rebound. According to More Crypto Online, it is still unclear whether the current move represents wave 4 in one scenario or wave 2 in another - leaving the structure unconfirmed either way.
A Move That Still Looks Corrective
The advance from the April 9 low appears to be a three-wave move so far, not a clear impulsive structure. This aligns directly with the chart, where price action lacks a clean five-wave progression.
The current rally is still considered corrective and requires confirmation before a stronger directional bias can be established.
Because of this, traders are watching closely before committing to a directional bias. This type of structure is consistent with broader Solana behavior, where SOL consolidates between $77–$94 range before resolving direction.
Why the $88–$90 Resistance Zone Is the Key Solana Level to Watch
The chart highlights a micro resistance zone between $88 and $90. A move into this region would be significant, as it could allow the advance from the April low to be interpreted as a five-wave structure. Until that happens, the structure remains incomplete.
Until price reaches the $88–$90 zone, the advance cannot be confirmed as impulsive - and the corrective interpretation stays in play.
Similar resistance behavior has been observed across recent SOL price action, where upside attempts toward the upper range often define whether continuation is possible. SOL holds range with resistance near $90 - a level that has repeatedly capped recovery attempts in recent weeks.
Pullback Risk Still on the Table for SOL
A further pullback into the support zone cannot be ruled out. The chart reflects this with a clearly marked support region below current price, and as long as the structure remains corrective, downside retests remain a valid scenario.
As long as the structure stays corrective, a move back toward support is just as likely as a push into resistance.
Recent analysis also shows SOL repeatedly reacting between support and resistance zones, with no confirmed breakout as price oscillates. SOL rebound toward $87 after support bounce - a pattern that continues to define the current range environment.
The Setup Still Needs Confirmation
The current structure can be summarized as follows:
- The move from the April 9 low is a 3-wave advance
- Resistance sits in the $88–$90 zone
- A pullback into support remains possible
- The structure is still corrective and unconfirmed
Solana remains in a transitional phase, where the next move - either into resistance or back toward support - will determine whether the structure evolves into a confirmed trend or continues as a correction.
Saad Ullah
