The post Can Bulls Reclaim $92 Level? appeared on BitcoinEthereumNews.com. Solana is pressing against a key resistance zone again, while a rising trendline keepsThe post Can Bulls Reclaim $92 Level? appeared on BitcoinEthereumNews.com. Solana is pressing against a key resistance zone again, while a rising trendline keeps

Can Bulls Reclaim $92 Level?

For feedback or concerns regarding this content, please contact us at [email protected]

Solana is pressing against a key resistance zone again, while a rising trendline keeps the short term structure alive. Together, the two chart setups show a market close to a decision, with one path pointing to breakout continuation and the other to another sharp rejection.

Solana tests $92 level as failed breakout risk returns

Solana is again approaching a key decision area, with chart structure suggesting another failed breakout may be forming unless price reclaims the $92 zone.

Analysis shared by CryptoCurb shows SOL trading near a resistance band that previously rejected price and led to further downside. The latest setup now looks similar, as Solana pushed into that range but has not yet secured a clear break above it. As a result, the $92 level has become the main line separating short term strength from renewed weakness.

Solana Failed Breakout Resistance Chart: Source. TradingView / X

The chart highlights two comparable structures. In the earlier case, Solana moved above resistance briefly, then lost momentum and turned lower. The current setup appears to be repeating that pattern, with price once again stalling near the same kind of breakout area. Therefore, failure to reclaim resistance could confirm another bearish rejection.

For now, the market remains at a pivot point. A move back above $92 would support continuation higher and weaken the failed breakout view. However, if SOL stays below that level, the chart suggests bearish pressure remains in control and downside risk stays intact.

Solana consolidation tightens as trendline support faces resistance pressure

Solana is trading within a tightening structure, with repeated rejections at resistance while an ascending trendline continues to hold from below, according to analysis shared by CryptOpus.

The chart shows SOL consolidating under a resistance zone marked by multiple failed attempts to break higher. Each rejection at that level has pushed price back into the range, which confirms that sellers remain active above. At the same time, higher lows continue to form along an upward trendline, which keeps short term structure intact.

Solana Trendline Consolidation Resistance Chart. Source: TradingView / X

This combination creates a compression pattern, where price moves between rising support and horizontal resistance. As a result, the market is building toward a breakout decision. If the trendline continues to hold, the structure supports a potential move higher, with the next resistance area positioned above the current range.

However, if price breaks below the ascending trendline, the structure weakens. In that case, the chart suggests a move toward a lower demand zone, where previous buying interest appeared. Therefore, the trendline now acts as the key level that separates continuation from a shift back to downside pressure.

For now, Solana remains inside this consolidation range, with direction depending on whether support holds or resistance continues to cap upside.

Source: https://coinpaper.com/15590/solana-price-prediction-can-bulls-reclaim-92-to-avoid-bearish-pressure

Market Opportunity
Solana Logo
Solana Price(SOL)
$90.06
$90.06$90.06
+1.23%
USD
Solana (SOL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36
Bhutanese government transfers another 570 Bitcoins and may deposit them into CEX again

Bhutanese government transfers another 570 Bitcoins and may deposit them into CEX again

PANews reported on September 18 that on-chain data showed that the Royal Government of Bhutan once again transferred 570 bitcoins (approximately US$ 66.85 million) to a new wallet, and it is expected to deposit the funds into a centralized exchange ( CEX ) as in the past. 5 hours ago, the Bhutanese government transferred 343.1 bitcoins .
Share
PANews2025/09/18 21:32
Will the 2026 cycle really be like the 2022 crash?

Will the 2026 cycle really be like the 2022 crash?

The post Will the 2026 cycle really be like the 2022 crash? appeared on BitcoinEthereumNews.com. How Bitcoin Cycles Work Bitcoin cycles are often interpreted through
Share
BitcoinEthereumNews2026/03/21 16:35