Solana risks falling to $ 76

Solana SOL $82.75 Binance-Peg SOL -5.93% Market capitalization $91.02 million VOL. 24 hours $0.28 billion is at a key stage of consolidation: the token is trading at $ 85.95, down 4% on the day but maintaining a 5% gain for the week. Analysts note that the price is squeezed between strong resistance in the $ 88−90 zone and support at $ 83.50 and $ 76.

On the 12-hour chart, the $ 88−90 level acts as a «wall» that buyers cannot break through. If a breakout above $ 90 occurs, it could dramatically accelerate growth, as short positions will be closed and new investors will enter the market. In case of another failure, the price could return to $ 81 or even $ 76.

Micro-support at $ 83.50 plays a crucial role. As long as Solana stays above this level, there is a chance for a new breakout attempt to $ 90−94. If the price breaks through $ 83.50, a pullback to $ 78−75 is likely.

In the longer term, the $ 75−85 zone is seen as a long-term base. It already acted as resistance in 2022 and later became support. Now its retest could mean a bottom is forming. If the $ 75 level holds, a rebound to $ 120 is possible, and then to $ 160−180.

At the same time, a break below $ 70 will significantly weaken the optimistic scenario and open the way to $ 55. Solana is currently in the «compression» phase, and the market is closely watching which way the decisive movement will take place.