Solana just pulled back above $68 after briefly dipping below it, a maneuver that looks like a textbook liquidity sweep. The question now is whether buyers can actually hold ground and push toward $90. Right now SOL sits near $74, trapped inside a weekly demand zone spanning $64 to $75 where the smart money has been stepping in repeatedly.
The shorter-term picture remains messy. A descending trendline on the 12-hour chart keeps capping bounce attempts, with lower highs stacking up like dominoes. Breaking that downslope convincingly, then retesting it without falling through, would be the first real signal that the bulls are waking up. Until then, every relief rally feels temporary.
The Roadmap if Buyers Take Over
If Solana clears the $80 to $84 resistance band, the gates open toward the 70.5% retracement sitting around $92.91. That aligns with where technical analysts see the $90 target coming into view. Beyond $93 sits a market-structure-break level near $98 that would make the whole recovery narrative look legitimate on the weekly timeframe.
On the flip side, $68.44 is the line in the sand. A weekly close below it kicks the recovery thesis in the teeth and exposes the lower bound of the demand zone around $64. Go through that and the entire setup falls apart, signaling sellers still have their foot on the neck.
This analysis covers price levels and technical structure only. Not financial advice, do your own research before trading.
