Solana Risks Further Drop Toward $80 Support if $88 Fails

Solana remains under pressure as analysts debate whether the asset is nearing a bottom or preparing for another decline. Price action around key resistance levels continues to shape sentiment, with short-term weakness clashing against growing long-term optimism. While some analysts highlight structural bearish signals, others argue that the prolonged correction phase may already be nearing completion. Short-Term Resistance Keeps Pressure Intact Morecryptoonl highlights a critical micro resistance zone between $86.82 and $88.46. Price continues to trade below this range, signaling hesitation after a brief recovery attempt. Consequently, sellers maintain control as repeated rejections confirm strong overhead supply. Moreover, this zone aligns with key Fibonacci retracement levels, strengthening its importance. Failure to break above it keeps the bearish outlook intact. Downside targets remain visible near $81.70, with additional support between $80 and $78.80. However, a decisive move above $88.46 could shift short-term sentiment. Such a breakout would suggest that a local bottom has formed. It could also open a path toward higher resistance between $90 and $96. Broader Downtrend Still Dominates BATMAN presents a more cautious perspective on Solana’s structure. The asset continues to print lower highs and lower lows since peaking near $260. This pattern reflects a clear and persistent downtrend. Additionally, Solana struggles to match the strength of other large-cap cryptocurrencies. Price remains below a major resistance zone between $95 and $100. This level previously acted as support, which now reinforces its role as resistance. Source: X Consequently, failure to reclaim this range increases the probability of further downside. A move toward the $70–$75 zone remains a realistic scenario. However, a strong breakout above $100 would invalidate this bearish structure and renew bullish interest. Long-Term Outlook Signals Potential Bottom CryptoCurb offers a contrasting long-term outlook, suggesting that Solana may already be forming a macro bottom. The current cycle has extended beyond the 420-day bottoming phase seen in 2022. This extended timeline strengthens the argument for accumulation. Significantly, price now sits just below the psychological $100 level. A successful reclaim could trigger a broader recovery phase. Upside targets would then emerge at $120, $160, and eventually previous highs near $260. Moreover, the analysis suggests that waiting for perfect entry points may prove costly. Early accumulation could position investors for a potential long-term expansion toward $1,000. Market Position and Current Metrics As of press time, Solana trades at $85.54 with a daily decline of just over 2% . Weekly losses also indicate continued weakness, while trading volume remains elevated. This suggests active participation despite uncertain direction.