Solana Price Dives Back into Trading Range, $78 Support on the Line

Solana's price action has taken a turn for the worse, with the cryptocurrency slipping back into its established trading range. The loss of key support at $88 has flipped it into resistance, making it less likely that prices will recover sustainably in the short term.

Market structure suggests that this is not an impulsive momentum-driven move downwards, but rather a corrective phase where prices are rotating towards liquidity pools. This behavior is typical within established ranges, where participants prefer to engage at extremes rather than defending mid-range prices.