The price of Solana is threatened by the resistance approaching the bull trap at $90

Solana price is approaching the $90 Fibonacci resistance and price zone combination. A failure to retrace this level could trigger a reversal to the $70 support.

The price of Solana (SOL) is approaching a critical technical reversal point as the price reaches the $90 resistance level, an area where multiple technical indicators are converging. After recovering from recent lows, the asset is now testing the upper boundary of its trading range, raising questions about whether the rally will continue or another rejection will occur.

The $90 level represents a significant barrier for Solana as it aligns with several key technical indicators, including the 0.618 Fibonacci, the high price area, and the upper boundary of the ABC corrective structure.

When multiple indicators converge on a single price level, they often create strong resistance areas where selling pressure can re-enter the market.

Solana price main technical points

• Main resistance: The year is approaching $90 range – high resistance with Fibonacci combinations.
• Solvency objective: Failure to resist can lead to downward movement $81 support.
• Main support: A low cost area is nearby $70with deeper support nearby $67.

Solana’s recent price action came within a broader correcting structure after its previous highs had declined. The current recovery move is best explained as part of a corrective ABC rally, where price temporarily rises before possibly continuing a broader consolidation phase.

Within this structure, the $90 resistance zone represents the most important level on the chart at the moment. This area has become a strong area where several technical indicators are converging. The 0.618 Fibonacci retracement, widely regarded as a key retracement level in technical analysis, closely aligns with the price area and upper boundary of the current corrective structure.

These repeated indicators form a cluster of resistance that can act as a final barrier preventing the price from moving higher. When markets approach such areas without strong buying momentum, they often experience rejection as sellers begin to defend the level.

Another important element to consider is the liquidity structure around Solana’s current trading range. Financial markets often move to areas where liquidity is concentrated because these areas allow large participants to execute positions more efficiently.

Meanwhile, Nasdaq-listed Solmate Infrastructure announced plans to develop a Solana infrastructure hub in the United Arab Emirates as part of a wider corporate restructuring and capital overhaul, underscoring a growing institutional focus on the ecosystem.

Under the current price action, significant liquidity is located around the low cost area and nearby support levels. If Solana fails to break above the $90 resistance, the market may turn lower to target these liquidity zones. One of the first key levels to watch in this scenario would be the $81 area, where short-term support was previously formed.

A rejection of resistance could trigger a deeper corrective move and push the price below this level as the market looks for stronger support. In range-bound environments, this type of cyclical behavior is common as price moves between high and low value areas.

If selling pressure builds, Solana could eventually test the low-cost area near $70, which represents the lower boundary of the current trading range. This level used to act as a strong support zone where buyers entered the market and prevented the bear from extending further.

If the lower cost area does not hold, the next key technical level will be the low momentum near $67, which represents the final major support in the current structure. A move to this level will complete a wider corrective swing within the range.

The development comes as Western Union expands its presence in blockchain payments through a new stablecoin initiative linked to the Solana network, reflecting increased institutional activity within the ecosystem.

In terms of market structure, Solana remains in a corrective phase until the price breaks below the $90 resistance level. Without a strong breakout in this area, accompanied by increased trading volume, further consolidation is likely, rather than a sustained uptrend.

What to expect in future price action

Solana is now approaching a crucial resistance level near $90, where several technical indicators are converging. If the market fails to retrace this area, the rally could turn into a bull trap, triggering a swing move towards the $81 support and possibly lower to the $70 price area.

A break below this level would expose the next major downside target near $67, while a confirmed break below $90 would invalidate the bearish scenario and open the door for further upside.