Solana At A Decisive Level: Reclaiming Point of Control or Retreating Below $90?
Solana (SOL) is trading in a crucial area as the price struggles below the Point of Control (POC) – the highest volume area in the current range. The rejection at this level has turned support into resistance, putting pressure on the price action and setting the stage for a potential liquidity sweep below $90.
While the bulls are trying to keep the price stable, the lack of decisiveness in the crucial volume area shows signs of price compression – which is usually a precursor to a strong move. If Solana fails to reclaim the POC with clear momentum, the bearish outlook could become more pronounced.
Key Points to Watch:
POC flips from support to resistance, putting short-term pressure on Solana.
The $89 support level – below the psychological $90 level – is key to a potential reversal scenario (SFP).
The low-volume area below could be a springboard for a strong bounce if swept and failed.
The potential bullish scenario targets $178 – $252 if confirmed by price action.
Technical Analysis: “Volatile” Setup with Two Clear Directions
The rejection of Solana at the POC level suggests that sellers are still in control locally. In consolidation conditions, prices tend to seek liquidity areas – where there are many stop-loss or limit orders – to generate momentum.
The area below $90 is currently considered an important liquidity pocket, with the presence of pending orders from traders who have entered positions in the $100 – $130 range. A sweep down to $89 could result in a Swing Failure Pattern (SFP), triggering a strong reversal.
Conversely, if the price can clearly reclaim the control point before that happens, it will invalidate the bearish scenario and open the door for a more stable uptrend.
Suggested trading strategy:
Scenario 1 – Wait for a liquidity sweep: Watch the price action around the $89 support zone. If a clear SFP signal and volume confirms, this could be a buying opportunity with a target towards $178 – $252.
Scenario 2 – POC breakout: If the price pulls back and holds above the control point with a clear bullish structure, traders can adjust their strategy, follow the momentum and set short-term targets at the next resistance zones.
Risk Management: Use a tight stop loss below the SFP low or below the key support zone. Trade based on a clear signal, combined with a personal capital control strategy.
Conclusion:
Solana is approaching a decisive level. The move below $90 could be part of the usual “liquidity hunting” game in the market, opening up a reversal opportunity if there is technical confirmation. However, if the bulls regain control first, the bullish scenario will be reinforced, and the market could soon see a strong recovery.
