Alex Dudov
⬤Solana is testing a crucial support zone near $86-$87 following a sharp downward move. Price action shows a clear rejection from higher levels and a retreat into a marked reversal zone, where buyers are working to stabilize the decline. As BitGuru reported, this level now acts as a critical decision point for short-term direction.
⬤The chart structure confirms SOL previously posted a strong bullish impulse before forming a topping structure and reversing sharply. The $86-$87 zone now represents a clear technical demand area where buyers are actively defending price. If support holds, SOL could attempt a rebound toward the $90 resistance level, which has repeatedly acted as a ceiling in recent sessions.
⬤However, downside risks remain significant. A confirmed break below $86 could invalidate the current support structure and trigger further selling pressure. Price is consolidating near lows rather than forming a strong reversal pattern, pointing to weakening momentum. Previous analyses show that failure to hold key support levels often leads to extended downside before any recovery begins.
⬤This zone is a pivotal technical level for Solana. Holding support could initiate a short-term recovery and shift sentiment back toward resistance, while a breakdown would reinforce bearish momentum. The reaction within this range is likely to define SOL's next directional move as it continues trading within a broader support and resistance structure.
Alex Dudov
