Solana’s price made its latest exit attempt after failing to hold above the key resistance, confirming the bull trap and returning the short-term market structure to bearish.
Summary
- A failed break above $88 confirms a bull traptrapping buyers late
- A rejection in the control zone indicates bearish controlfavors low rotation
- The $78 support is an important level to watchwith possible reaction or swing failure setup
Solana (SOL) price entered a critical correction phase after recent price action failed to sustain acceptance above major resistance levels. What appeared to be a bullish continuation has now revealed itself as a classic bull trap, catching buyers too late before the price pulls back too far.
This type of failed breakout often marks a critical inflection point, especially when it occurs during high resistance and price overshoots.
As the price circles back to its previous trading range, technical signals suggest that an upside continuation is now the most likely scenario in the short term.
Market participants are closely watching Solana’s behavior as it approaches key support levels, where further declines or active bounces may emerge.
The price of Solana is an important technical point
- A bullish trap has been confirmed above the $88 resistancewhich invalidates a bullish exit
- Rejection in the control area indicates weaknesslikes to rotate the range
- $78 high time support to focuswith the Fibonacci confluence below
Solana’s recent rally has pushed the price above the price zone high and reached the high time resistance near the $88 region. However, this measure was not accepted for a long time. Instead of consolidating above resistance, the price quickly stopped and reversed, indicating that buyers could not maintain control at higher levels.
This behavior is a sign of a bull trap, where price trades slightly above resistance to attract breakout buyers before retreating back to the previous range. If the acceptance above the resistance fails, the resulting drop is usually sharp as the trapped length is forced out of the areas.
Not being able to hold above the price point at the top was the first warning sign. This level usually defines the upper bound of the ideal value within the range, and rejection here often results in a round back to the lower value.
A rejection in the control zone confirms a bearish reversal
After failing beyond resistance, Solana circled back to trading range and attempted to settle near the point of control (POC). The POC represents the price level at which the highest trading volume has occurred and often serves as a balance point during consolidation phases.
However, Solana was unable to regain or hold above this level. The rejection of the POC confirms that the sellers remain in control and that the market has shifted from balance to renewed imbalance. If the price is rejected at the POC after a failed breakout, it greatly increases the chances of a full range rotation.
This rejection marks a clear change in the short-term market structure, changing the area’s bearish bias and paving the way to lower support levels.
The $78 support becomes the downside target
With the local structure now bearish, attention turns to the next major low. High-term support near $78 stands out as a key target. This region coincides with the low price area and represents the lower boundary of the wide trading range.
Importantly, the 0.618 Fibonacci retracement sits just below this level, adding another technical confluence. Fibonacci retracement zones often act as price magnets during correction phases, especially after a failed breakout.
The move to this region will complete a full range rotation and is likely to be accompanied by increased volatility as spending power is tested. Whether Solana stabilizes or continues to decline will largely depend on the response to this support area.
A swing failure pattern may indicate a reversal
While the immediate bias favors further upside, the $78 region is not only a bearish target – it’s also a potential reversal point. If the price sweeps below this support, tests the 0.618 Fibonacci level, and quickly retraces the level, it may form a reversal failure pattern (SFP).
Such behavior will indicate a drawdown instead of a true decline and may mark the beginning of a corrective bounce or a major reversal, depending on volume and follow-up. For this reason, price action around $78 should be monitored closely rather than treated as an automatic bearish.
What to expect from future price action
From a technical, price, and market structure perspective, Solana’s recent rejection confirms a bull trap and turns short-term momentum firmly bearish. As long as the price remains below the high price area and the control point, a downward continuation to the $78 support area remains a high probability result.
Until bullish acceptance returns above important price levels, rallies should be treated with caution. The market is now in a correction phase, and how Solana reacts around $78 will likely define the next big move.
