Marina Lyubimova
Solana has spent most of February stuck inside a tight range, and traders are running out of patience. With price hovering in the mid-$80s and no clear directional catalyst in sight, the market is approaching a moment where it will have to choose a side. The key number everyone is watching: $88.30.
SOL Stuck Below $88.30 Resistance for Weeks
As SOL tested the $76 support zone with eyes on the $85-$88 bounce, it became clear this upper resistance band has been a stubborn ceiling. Multiple attempts to push through the $88.30 area have stalled, with overhead supply extending toward the low-$90s keeping bulls in check. Until SOL can close convincingly above that green resistance line, the range is very much intact.
A test of the main support zone is becoming more likely unless SOL can break above the green resistance line at $88.30 — the level that signals bulls are taking the lead again.
The chart structure is straightforward: capped upside, clearly defined downside. Below the current price, a primary support region sits roughly between $78 and $72, reinforced by three Fibonacci retracement levels — the 50% near $78.00, the 61.8% around $75.47, and the 78.6% near $72.02. That cluster makes the zone technically significant, not just visually obvious.
$78-$72 Support Zone in Focus if Bulls Fail at $88.30
The setup is binary at this point. Either SOL reclaims $88.30 and shifts short-term sentiment back in favor of the bulls, or it stays rejected below resistance and drifts toward that lower demand zone. As Solana risks a $67 retest after $90 resistance fails 3 times, the cost of another failed breakout attempt is increasingly clear.
Range behavior like this typically resolves one of two ways: a confirmed break above resistance that flips the level to support, or a clean rotation into the lower demand zone that tests buyer conviction. With Solana already having tested $79.50 support as a Wave 2 correction extends, the downside path is not theoretical — it has already been partially traced out.
How price reacts around $88.30 and the $78-$72 cluster over the coming sessions will likely set the tone for SOL and the broader altcoin market as February consolidation rolls into early March. The range has held for weeks, but ranges always end.
Marina Lyubimova
