Solana Price Stabilizes Above $85 Amid Weak Trend Momentum
Key Insights:
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Solana’s price holds steady near $85, facing weak trend momentum and struggling to break above the $90 resistance.
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Fibonacci resistance levels at $98.76 and $108.33 are key targets if Solana breaks above the $90 psychological barrier.
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Immediate support at $83.40–$82.60 is crucial; failure to hold this zone could lead to a retest of $77–$78.
Solana (SOL) is currently trading near $85, showing signs of stabilization following a sharp correction from $148.88 to $67.78. The price has found short-term support between $83 and $85, but the momentum remains fragile. Traders are keenly watching whether this support can trigger a more significant recovery, although the overall trend still reflects a corrective phase, rather than a confirmed trend reversal.
The 4-hour chart indicates a gradual recovery from the $67.78 low, but the trend lacks strong directional momentum. The Average Directional Index (ADX) stands at 16, signaling weak trend strength and favoring a range-bound market. Despite this recovery, the price struggles to break above $90, with the $90 level acting as a psychological barrier. A decisive close above $90 could shift sentiment and open the door to further upside movement.
Fibonacci Resistance Levels Set New Targets
Resistance lies at Fibonacci retracement levels of $98.76 (0.382 level) and $108.33 (0.5 level), which are the next potential targets if Solana manages to break above the $90 mark. These levels align with the broader market’s previous decline. For bullish momentum to resume, Solana must reclaim $90, which would unlock a path toward $100 and possibly $108.
Source: TradingView
On the downside, immediate support is located between $83.40 and $82.60. A breakdown below this range could lead to renewed selling pressure and a possible revisit of the $77 to $78 liquidity sweep region. If Solana fails to hold the $82 area, it could test the macro swing low of $67.78, which remains a critical level of support. Buyers previously defended this zone, suggesting long-term investors view sub-$70 levels as valuable.
Market Sentiment Remains Cautious
Solana’s derivatives and flow data reflect a cautious market sentiment. Open interest surged above $10 billion into early 2026, driven by aggressive long positions. However, it has since dropped back to $5.1 billion, signaling deleveraging and reduced speculative pressure. Spot flow data indicates persistent distribution, with large inflows and modest outflows, highlighting a market in wait-and-see mode as SOL hovers near $85.
The key levels for Solana are well-defined, with the $90 resistance and the $83 to $85 support zone serving as crucial points of interest. A sustained move above $90 could trigger a move toward $100, while failure to hold support at $82 could signal a deeper correction toward $77 and $67.
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