Will Solana Dip Below $90 in a Liquidity Grab or Break Point of Control Resistance First?

Solana is struggling to recapture a crucial point of control in its trading range, leading to a minor rejection and signs of bearish pressure. While the price remains below this important volume area, there is a possibility of dropping below $90, a level that could trigger a liquidity sweep and swing failure pattern, potentially leading to a significant reversal.

The recent price movements of Solana (SOL) show attempts to establish a support base; however, the bullish momentum is hampered by the failure to reclaim the point of control in its trading range, which has now become a short-term resistance level. This resistance is squeezing price movements and exposing Solana to further declines unless it is decisively reclaimed.

Key points covered in this article:

• Rejection at the point of control is pressuring Solana’s short-term trend
• $89 support is crucial for a potential sweep and reversal trigger
• Liquidity below current levels could drive a bullish rotation back to $178–$252

Solana’s rejection at the volume point of control has created a delicate technical situation. This level, previously a support, has now become a resistance, limiting price action and increasing the likelihood of a decline driven by liquidity. Without a clear reclaim of this volume node, the short-term outlook remains cautious for bullish traders.

The $89 support level, just below the $90 psychological barrier, is now a crucial area to monitor. It represents an untouched swing low and is located in a high-liquidity zone. A sweep of this level, followed by a clear swing failure pattern, could initiate a strong reversal, with target levels in the weekly structure zone between $178 and $252.

It is important to understand that markets seek liquidity, and the area below $90 likely contains stop orders from traders with positions between $130 and $100. A move into this liquidity pocket would align with typical market behavior, especially in a consolidating asset. However, if Solana manages to reclaim the point of control before reaching that region, the bearish outlook would be invalidated, allowing for a more bullish perspective favoring continued movement towards higher resistance levels.

How to trade this setup:

Wait for a sweep of the $89 low and look for confirmation of a swing failure pattern as a trigger for long positions. Once confirmed, target a potential rally towards $178–$252. If the price reclaims the point of control, consider adjusting the bias to support bullish continuation. Utilize price action discretion and management tailored to your trading strategy.