BEARISH 📉 : Solana drops from $90 to $86; bulls must defend $85
Solana rejected at $90, slid to $85.55, and is now hovering near $86. Bulls defend $85–85.50; a rebound setup holds while that floor stays intact.
Unlike Bitcoin and Ethereum, SOL eased lower as buyers failed to keep $90. NewsBTC flagged BTC’s strength and ETH’s struggle in parallel markets (BTC view, ETH view).
Key levels
- Immediate resistance at $87. Next hurdles at $87.80, then $88.80. A close above $88.80 opens $90, then $92. Source chart
- Supports at $85.50 trend line and $85. Below that, $84, then $82. A close under $82 risks a move to $80. Source chart
Setup now
- Price sits near the 100-hour SMA around $86. The 23.6% Fib cap holds below $87; 61.8% Fib near $87.80 from $89.34 to $85.55. Source chart
- MACD stays bearish on the hourly. RSI is below 50. Source chart
Headline
Solana slips from $90, holds $85; watch $87.8–$88.8 for reversal