BEARISH 📉 : Solana trading below $77–$90 range suggests potential downside

Solana's Current Trading Range

Solana is trading within a $77–$90 range, with a potential downside move toward $57.
The market has been consolidating for the past 11 days, indicating a balanced environment.
Trading below the point of control suggests short-term bearish pressure.
A move to $81–$82 is possible, but without reclaiming $90 as support, it may not be sustainable.
The expectation is further consolidation before any larger expansion.

Solana

Wyckoff Reaccumulation Pattern

Solana may be forming a Wyckoff Reaccumulation pattern after a prolonged downtrend.
This involves transitioning into a base-building phase for a possible cycle advance.
Phase A began with a Selling Climax near $110, followed by an Automatic Rally to $264.
Phase C completed with a Spring formation around $68; Phase D requires holding above $95.
If successful, targets include $150, $250, and potentially $350–$500 or higher.
The bullish outlook depends on defending the Spring low and maintaining constructive volume.

Solana