Solana price has moved back into a weaker phase after its recent breakout didn’t hold. Solana briefly climbed above an important resistance zone, but buyers couldn’t defend those higher levels. Since the price quickly slipped back down, it confirmed a bull trap and pushed the short-term trend back to bearish.
A failed breakout like this often signals a shift in momentum, especially when it happens near a major resistance area. Now that Solana has returned to its earlier trading range, the chart suggests sellers may have the advantage in the near term.
Because of this, traders are watching how Solana price reacts near key support zones. If support breaks cleanly, the drop may extend. However, if buyers step in strongly, a bounce could develop.
Solana Price Key Technical Points
- Bull trap confirmed above $88 resistance, ending the breakout idea
- Rejection near the point of control (POC) shows weakness and supports a move lower
- $78 support is the next major downside focus, with Fibonacci support slightly below
Breakout Above $88 Fails, Turning the Move Into a Trap
Solana’s latest rally pushed above the value area high and entered higher-timeframe resistance around $88. However, the market didn’t accept those prices for long. Instead of holding and forming a stable base, Solana lost momentum and dropped fast, showing buyers ran out of strength near the top.
This is how bull traps usually play out. Price moves above resistance to pull in breakout buyers, then falls back into the old range. When that happens, late buyers often get stuck, and selling pressure can increase as those traders exit.
Also, the failure to stay above the value area high acted as an early warning. This level often marks the top of a “fair value” zone, so a rejection there commonly sends price back toward lower range levels.
Rejection at the Point of Control Confirms the Bearish Shift
Once Solana dropped back inside the range, it attempted to hold near the point of control (POC)—the level where the highest amount of trading volume has taken place. During consolidation, the POC often behaves like a balance area.
However, Solana could not reclaim it or stay above it. This rejection strengthens the bearish outlook because it suggests sellers still control the range. When price gets rejected at the POC right after a bull trap, it often increases the chance of a full rotation toward the lower end of the range.
As a result, the local structure has clearly turned bearish, and the chart now points toward lower support.
$78 Becomes the Main Downside Area to Watch
With the short-term setup leaning lower, attention shifts to $78, which stands out as strong higher-timeframe support. This zone lines up with the value area low and marks the lower boundary of the broader range.
In addition, the 0.618 Fibonacci retracement sits just under this area, adding extra confirmation. In corrective moves, price often drifts toward these Fibonacci zones, especially after a breakout fails.
If Solana price reaches this region, volatility may rise as the market tests liquidity. The next direction will likely depend on whether buyers defend $78 or sellers break through it.
Swing Failure Pattern Could Signal a Bounce or Reversal
Even though downside risk looks higher right now, the $78 zone can still act as a turning point. If Solana dips below $78 briefly, taps the 0.618 Fibonacci level, and then quickly climbs back above support, it may form a swing failure pattern (SFP).
That would suggest a liquidity sweep rather than a true breakdown. As a result, it could trigger a bounce, or even a larger reversal, depending on volume and follow-up strength. Therefore, it’s better to watch the price reaction at $78 carefully instead of assuming it will keep falling automatically.
What to Expect Next for Solana Price
From a market structure and price action view, the recent rejection confirms a bull trap and keeps short-term momentum bearish. As long as Solana stays below the value area high and fails to regain the point of control, the higher-probability scenario remains a move toward $78 support.
Until buyers return with strong acceptance above key value levels, rallies may remain risky. For now, Solana price is rotating lower, and the reaction around $78 will likely shape the next major move.
