Solana’s price rejected a key resistance zone near $90, indicating a possible continuation of the ABC corrective structure.
Conclusion
- Main resistance: $90 corresponds to high time resistance and high value area.
- Correct ABC: The rejection suggests that the C leg of the corrective structure may continue.
- View support: A break above $81 could open a bearish trend.
Solana (SOL)’s recent price action suggests that the market may be entering a corrective phase after a clear rejection from the upper boundary of its trading range. The $90 area acts as a significant long-term resistance zone, coinciding with the high cost area and several structural resistance levels on the chart.
With the recent move above this area failing, the possibility of a deeper correction move is increasing.
Solana price main technical points
- Range – High Resistance: $90 is consistent with long-term structural resistance and high value area.
- ABC structure: The price action indicates a continuation of the corrective ABC pattern.
- Negative target: Possible move towards $81 support and low cost area.
Solana’s price action recently approached the $90 area, which has historically acted as an important resistance level in the current market structure. This area represents the upper boundary of the wide trading range and closely matches the area of high value obtained from the volume profile. When price approaches these areas, selling pressure often occurs as traders look to defend against previous resistance.
The recent price action shows a clear rejection from this area, reinforcing the view that the Solana remains in a corrective phase rather than a sustained breakout. The ability to recover the $90 resistance level suggests that buyers may lose momentum at this point in the trend.
From a technical perspective, the rejection also fits an ABC corrective pattern, which is a common structure in market cycles where price goes through three phases before resuming the broader trend. In this structure, the initial downturn is leg A, followed by a temporary recovery known as leg B, before the market enters leg C, which typically extends into areas of low liquidity.
As for Solana, the recent rally to $90 could represent the B leg of a correction. Since this move failed to hold higher resistance, the market may now move to the C leg of the structure, which typically involves price breaking above the intermediate support level as liquidity is purged from the market.
This technical setup continues with broader ecosystem development, including Nasdaq-listed Infrastructure announcing plans to establish a Solana infrastructure center in the United Arab Emirates as part of a broader corporate restructuring and recapitalization.
One of the key levels to watch in this scenario is the $81 support zone, which represents an important high-term support level in the current structure. If the price breaks below this level, it will confirm an increase in bearish pressure and open the door for a deeper swing towards the lower cost area.
The low cost zone acts as a key liquidity zone where large clusters of orders tend to accumulate. In range-bound markets, the price frequently switches between an area of high value and an area of low value as traders balance positions and look for liquidity.
Another important factor that supports the correction outlook is the presence of unexploited lows below the current price. Markets often move into these areas because they contain resting orders and liquidity pools that larger participants can target before establishing a new directional movement.
A combination of the resistance level near $90 reinforces the possibility of a rejection of the impact in the price direction. Several technical factors converge in this area, including structural resistance, a high price area, and Fibonacci retracement levels, making it an important barrier to continued upside.
Because of this, the broader market structure suggests that Solana may remain in a cyclical environment until the upper range or lower range is decisively breached. At the same time, the rejection of the resistance indicates that the lower part of the range may be tested in the future.
What to expect in future price action
As long as Solana remains below the $90 resistance zone, the corrective ABC formation is likely to remain active. A break of the $81 support level could accelerate the downside, while a strong retracement of $90 would invalidate the bearish outlook and signal new bullish momentum.
