Analyst Warns Solana (SOL) Could Drop to $67 After $90 Rejection

by
  • Crypto Bully warns Solana may test $67 after repeated failures to break above the key $90 resistance zone.
  • Weak support at $76 signals risk of a bearish break of structure and a deeper liquidity-driven selloff.
  • A liquidation wick or strong impulse is needed before any bullish trend reversal can be confirmed.

Solana’s recent performance? Not great. Crypto analyst Crypto Bully has sounded the alarm after SOL kept failing to get over the stubborn $90 mark. Now, he’s suggesting the price could take a nose dive toward $67. Yikes!

As of now, according to CoinGecko, SOL is clinging to a price of $78.38, down a mere 0.62% in the last 24 hours, and a more dramatic 7.16% in the past week. So, it’s safe to say… not exactly winning any popularity contests.

Solana Struggles to Break $90 Resistance

That pesky $90 resistance just refuses to let go. Crypto Bully pointed out that every time Solana gets close, it gets rejected like that awkward party guest no one wants around. No matter how many times it tests, it’s like trying to break through a wall made of stubbornness.

Every rally attempt has been swiftly capped below $90, creating a pattern of lower highs. It’s the kind of vibe that screams ‘bearish control.’ And with SOL trading below both the 20 and 50 EMA, there’s no shortage of signs that short- and medium-term momentum is shaky at best.

The analyst noted the downtrend has only gained strength after each failed attempt at $90. It’s like Solana’s been trying to climb a mountain, only to realize it’s actually a sand dune. Hardly inspiring.

$90 was the resistance tested multiple times and we couldn’t get trade beyond. With BTC looking very iffy at these prices, I suspect this swing low at $76 would likely fail to hold and we might get a chance to bid the monthly low at $67.

Not interested in anything until…

– Crypto Bully 🔥 (@BullyDCrypto)

$76 Support Now in the Danger Zone

Crypto Bully’s attention is now glued to the $76 swing low. This level is like the last line of defense for Solana’s buyers. But guess what? The reaction at this support has been… let’s just say underwhelming. It’s like the whole thing is walking on thin ice.

If SOL breaks below $76, it’s game over. A bearish Break of Structure would confirm the worst-case scenario, and suddenly the $67 low doesn’t seem so far-fetched. Better buckle up.

And as if that’s not enough, with Bitcoin looking “iffy,” there’s more reason to be cautious. Bitcoin’s shakiness makes Solana’s near future look… well, just a bit too risky.

Liquidation Wick Could Be the Key Trigger

Crypto Bully is playing it smart. He’s not jumping into trades just yet. He’s waiting for something dramatic: either a liquidation wick or a strong bullish impulse. No drama, no action.

A liquidation wick would mean a quick dip below $76, triggering stop-losses and then bouncing back like a surprise twist in a soap opera. That’s the kind of ‘sweep-and-reversal’ pattern Crypto Bully wants to see before he’ll consider making a move. Until then, patience is the game.

The $67 zone is an interesting one, though. It’s seen as a high-liquidity area with historical support, making it a potential hot spot for a bounce. But without a clean flush of liquidity, everything looks… well, still a bit bearish. Sorry, bulls, not yet.

What Would Signal a Bullish Shift for SOL

For anyone holding onto hope that Solana might actually turn things around, Crypto Bully has a checklist of what needs to happen. Spoiler alert: it’s going to take more than a wish and a prayer.

First, SOL would need to show some strength and reclaim both the 20 and 50 EMA. Second, a higher low after dipping below $76 would be needed. Third, the price would need to break through resistance at $82 to $85. If those three things happen, maybe, just maybe, we can talk about a rally.

Until then, though, any rally is probably just a short-term correction. The resistance levels to watch are $85 and $90. The immediate support is at $76, and $67 is the next big downside target. Crypto Bully? He’s keeping his cool and waiting for the right moment. Don’t hold your breath.

Read More

2026-02-25 02:58