Solana’s price is in danger of falling below $80 as bullish candles are showing weakness

Solana’s price is showing a new downside risk after the bullish candles refused key resistance, with sluggish market formation increasing the chances of testing support levels below $80.

Solana (SOL) price action has retreated to vulnerable technical territory after a failed attempt to re-seek higher resistance. What looked like potential stability has now turned into renewed weakness, as sellers regain control after a rejection at a key resistance area. The broad structure remains correcting, and the recent behavior of the candle suggests that a continuation of the decline is becoming more and more likely.

As the price moves back below key value levels, attention is now turning to potential high-term support areas in the near term. Whether these levels hold or fail will determine whether Solana can make a meaningful jump or if the correction deepens further.

The price of Solana is an important technical point

• Bearish filled candles refused to resist $90, strengthening the seller’s control
• Loss of control point indicates weakness, favoring low rotation
• The $78–$80 support area coincides with the Fibonacci retracement, serving as a key downside target

Solana recently tried to break the $90 resistance level, but the move failed to gain momentum. The price quickly closed back below the resistance, forming bearish closing candles that failed the exit attempt. These rolling structures are important because they often indicate aggressive selling pressure entering the market when buyers lose control.

The rejection of resistance is further strengthened by Solana’s inability to hold above the point of control (POC). Multiple counter-trend closes below this level indicate that the market has moved out of balance and returned to bearish momentum. If the price loses the POC after a failed breakout, it usually indicates the beginning of a deep corrective reversal.

The price loss paves the way towards the $78 support

Since the price is now trading below the control point, the next downward magnet is the low price area. This level defines the lower boundary of the ideal value within the current range and often serves as a target during correction phases.

Below the lower price zone sits the high-term support around $78, which again marks the lower edge of the broader trading structure. A move to this region would put Solana below the $80 psychological level, increasing volatility as traders reassess risk.

From a technical point of view, the $78 area carries more significance due to its alignment with the 0.618 Fibonacci retracement. Fibonacci retracements tend to attract price during corrective movements, especially when paired with a visible currency break.

Liquid sweep or deep collapse?

A swing low near $78 indicates a potential breakout zone. Markets often enter such areas to initiate stop loss orders before deciding on the next move. If Solana trades quickly in this region and then seeks it again with strong buying interest, the move could be like a cash sweep, setting the stage for an active bounce.

However, timing and formation will be of the essence. A gradual grind, or a long acceptance below $78, could weaken the bounce thesis and suggest that a deeper correction phase is unfolding. In that case, the market will be showing that buyers are not yet ready to protect the key support.

The broader market structure is constantly adjusting

From a market structure perspective, Solana hasn’t made its bias any easier. Low levels remain strong, and recent efforts to find resistance have failed. Despite a decisive resurgence of price and strong bullish volume, rallies should continue to be viewed as corrective rather than trend-changing.

The presence of bearish candlesticks at the resistance adds more weight to this view, as such patterns tend to precede lower continuations rather than immediate reversals.

What to expect from future price action

From a technical, price, and market structure perspective, Solana is likely to continue to rotate slightly in the short term. As long as the price remains below the resistance and the control point, chances are it will go to the price area, the low and high period support near $78.

Traders should carefully monitor price behavior in this area. A sharp reaction and renewed demand may cause a short-term bounce, while a sustained trade below $80 may increase the risk of a deeper correction.

Until bullish acceptance returns above key price levels, downside risks remain high, and Solana’s next important move may be defined by how the price reacts to support below $80.