Will Solana Experience a Liquidity Grab Below $90 or Reclaim Point of Control Resistance First?

Solana is finding it difficult to regain a crucial point of control within its trading range, resulting in a mild rejection and indications of bearish compression. As the price stays below this vital volume zone, it raises the possibility of a drop beneath $90, an area poised for a potential liquidity sweep and swing failure pattern that could pave the way for a notable reversal.

Recent price movements of Solana (SOL) indicate attempts to establish a support base; however, bullish momentum is hindered by the inability to reclaim the point of control in its trading range—where most of the recent trading has taken place. This setback has transformed that level into short-term resistance, compressing price movements and leaving Solana exposed to further declines unless convincingly reclaimed.

Key points covered in this article:

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

Solana’s rejection at the volume point of control has resulted in a delicate technical scenario. This level, once serving as support, has now turned into resistance, constricting price action and heightening the chances of a liquidity-driven decline. Unless Solana decisively reclaims this volume node, the short-term outlook remains cautious for bullish traders.

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

It’s crucial to recognize that markets pursue liquidity, and the area beneath $90 is likely filled with stop orders from traders maintaining positions between $130 and $100. A movement into this liquidity pocket would align with typical market behavior, particularly in a consolidating asset. However, if Solana manages to reclaim the point of control before entering that region, this bearish outlook becomes negated, allowing for a more bullish perspective that favors continued movement toward higher resistance levels.

How to trade this setup:

Wait for a sweep of the $89 low and seek confirmation of a swing failure pattern as a trigger for long positions. Once confirmed, aim for a potential rally targeting $178–$252. Should the price reclaim the point of control, consider adjusting the bias to support bullish continuation. It’s important to utilize price action discretion and management tailored to your trading strategy