Solana Slides ~10% After $89–$90 Rejection, Eyes $76 Zone

⬤ Solana’s short-term structure turned bearish after price failed to clear the $89–$90 resistance band on the 12-hour timeframe. SOL rejected that ceiling and dropped roughly 10%, with price sitting near $81.78. The chart clearly maps a red resistance block around $89–$90 and a green demand zone between $76–$78, which now sits directly in the crosshairs. Earlier price action around this range was captured in coverage of Solana bouncing off $76 support and facing resistance near $90, underlining how long these two levels have defined the structure.

⬤ The 12-hour setup shows a familiar range-bound dynamic: sellers step in below $90 while buyers have historically reacted at the lower end. Multiple failed attempts to sustain momentum into the upper $80s have reinforced this ceiling, keeping the bearish structure intact and downside risk toward lower bands in play. This pattern closely mirrors what was documented when tracking Solana’s early bounce from the $76–$90 demand zone, where price briefly stabilized before directional pressure resumed.

⬤ Price reactions within this range have been consistent across multiple sessions. Each time SOL approaches the upper band, sellers have reasserted control, while the lower zone around $76–$78 has continued to attract buying interest. A recent analysis of Solana testing the $76 support zone with bullish rebound potential showed similar dynamics, with traders watching whether the floor could hold and generate a push back toward resistance.

⬤ How SOL handles the $76–$78 area in the sessions ahead will likely set the short-term tone. A hold at current support could keep the range intact and invite another push toward $89–$90. But a confirmed breakdown below $76 would shift the structure meaningfully lower. Until a clean breakout above $90 materializes, the bearish lean tied to this rejection stays the working assumption.