Solana is trading at a critical technical area. Real-time market data shows SOL/USD near $86.40, with the advance tied to wave B now moving through a resistance corridor between $85.91 and $88.95. Inside that band, the closest resistance levels are $85.91, $86.79, $87.67, and $88.95. For now, price is trying to stay above the lower edge of the zone.
The $85.91 to $88.95 band is the immediate test
If buyers keep control, Solana could continue climbing toward the top of the resistance range. A rejection would shift attention back to support between $81.75 and $78.81. If that area fails, the next downside levels cited by analysts are $77.92, $75.39, and $71.92.
Analysts say a turn lower from the current resistance band could mark the beginning of a new downward wave C. This makes the present zone more than a routine pause in price action.
Weekly chart draws comparisons with 2022
On the weekly timeframe, market watchers see notable similarities between Solana’s current structure and its path in 2022. In that earlier period, the token posted a short-lived rally near the top, often described as a bull trap, then fell sharply and moved into sideways trading. Some specialists argue that the current consolidation could point to the same kind of temporary strength rather than a durable recovery.
In 2022, Solana stayed in the $40 to $50 range after a fast decline before losing more ground later. Based on that sequence, some observers view the latest movement as a pause inside a broader weak trend. At the same time, they do not treat the mirror pattern by itself as proof of another major selloff.
Support break remains the key confirmation signal
Analysts stress that a similar chart formation alone is not enough to call for a drop to $30. For a bearish continuation case, they want to see a clear break below the current horizontal support, followed by fresh weakness on the weekly chart.
That leaves Solana at a technical crossroads. Price behavior around the resistance band and the nearby support zone is likely to determine whether this move extends higher for a while longer or shifts into a new leg down.