Solana's price extended its decline after breaking down from an hourly symmetrical triangle pattern, facing renewed selling from the $87–$88 resistance zone and sliding to a low of $83. Crypto analyst Ali Martinez noted that the breakdown opens the path toward the next downside target at $77. The $83 level is acting as the first significant support; losing it could accelerate selling pressure, while a recovery above $85 may ease short-term bearish sentiment.
Analysts Diverge on $83 Support Strength
Analyst CW8900 took a more cautious view, highlighting that Solana has been forming lower highs recently and faced sharp rejection in the $87.5–$88 band. Dense liquidity pockets just above $89 indicate sell orders still dominate at higher levels. The token is currently consolidating between $84 and $85 after testing the $83.2 support. Heatmap data shows strong buy orders in the $82.5–$83 range, suggesting a possible ��liquidity sweep” down to $82 before a bounce. A rally above $85.5 could lead to stabilization.
Meanwhile, analyst BitGuru offered a more optimistic outlook, arguing that the pullback to the $83–$84 corrective zone has not compromised the broader uptrend. Robust buying interest at these lower levels points to strengthening demand. If Solana reclaims the $87–$88 resistance, bullish momentum could accelerate, targeting $90.95. Conversely, losing the $83 support opens downside risk toward $78.
Battle Zone: $77–$91 Becomes New Focus
At press time, Solana traded at $84.53, posting a modest intraday gain with lively trading activity. BitGuru stated: “Buyers are defending this reversal zone, and if the price can retake $87, bullish momentum could quickly build.” The weekly outlook still shows downward pressure, but daily sessions display both resistance and recovery attempts. Market watchers are closely tracking the tug-of-war in the $83–$85 region. Short-term sentiment remains cautious, but a swift move above $85 could restore confidence. Failure to hold existing supports may trigger accelerated selling. Investors should monitor order books and liquidity clusters for signs of reversal or further breakdown. The $77–$91 range is emerging as the new focal area, with the next trend likely determined by near-term order flow within this zone.