Solana rejects $92–$94 resistance, risks breakdown toward $76 support zone

Solana rejected at $92–94. Momentum faded. Solana (SOL) is back near support as sellers press.

Price is trapped in a tight channel. Ali Martinez says the next 48 hours are pivotal for direction source.

Channel levels are set. Resistance at $96.04, support at $76.66, with price around $79.11 source.

If buyers hold $76.66, a bounce can aim at $81 and then $85, where the 50‑day SMA caps upside source source.

A daily close below $76.66 flips structure bearish. Targets shift to the YTD low at $68.54, then the $50 handle source.

R4 XBT flags ongoing accumulation. Price action sits on the 50‑day MA; a close back above it would end consolidation and open upside source.

Key levels traders watch:
- Support 76.66; breakdown confirms bear bias source
- Bounce targets 81 and 85 at 50‑day SMA source
- Resistance 96.04; rejection zone 92–94 source source