Solana price dey drop near $80 as $85 resistance dey cap am, risk for downtrend dey rise
Solana price (SOL) still dey weak after e sharply break down, dey trade around $80.56 and don drop 4.35% for the day and 12.16% for the week. Earlier analysis still show say SOL don slip below the $80 psychological level, get bearish momentum and positions don weak.
Technicals dey point to consolidation not reversal. SOL dey range roughly $80–$95, with resistance near $85 wey dey cap upside and chart structure dey show lower highs and lower lows. Analysts talk say demand from the $110–$120 zone don go, so sentiment remain bearish and e fit continue if dem no reclaim previous support.
Key levels for traders: $85 na the near-term momentum trigger, while $80 na the defense line. If e reclaim and hold above $85 e fit push toward $90 and maybe $93. If e no fit hold $80 losses fit extend toward lower-liquidity areas. The previous bounce from $74–$78 na three-wave corrective move, often just small pause no be trend turn.
Bearish
Both articles dey paint Solana price action as weak and still technically bearish. Di earlier piece emphasize breakdown behavior—SOL lose di $80 psychological support, RSI drop enter oversold territory, price dey press di lower Bollinger Band, and falling spot/derivatives activity fit mean unwinding rather than fresh bullish bets. Di later update add clearer near-term map: SOL dey stuck for $80–$95 range with $85 as di upside cap and market describe as get "no-trade" profile unless dem reclaim $85 and then $90. E still highlight say di $74–$78 bounce look corrective (three-wave), wey often no fit reverse di broader downtrend.
Short-term, traders suppose expect choppy moves wit downside risk if $80 fail. Medium/longer-term, di bearish structure (lower highs/lows) and di absence of reclaimed demand keep SOL vulnerable until $85 dey accepted and momentum fit rebuild toward $90+.