Solana Faces Reversal Risk as Resistance Holds Firm at $83

Solana's price remains capped below its key resistance at $83, according to analyst Molchanov Andrey. The cryptocurrency is stuck in a corrective rebound, and repeated failures around this zone suggest buyers have not secured a breakout.

The six-hour chart shows SOL consolidating inside a tightening structure after recovering from its June low. Price remains above an ascending trendline, but the rejection at the current resistance zone suggests sellers could regain control.

A brief move above $83 could still push SOL toward $87.90 as price targets liquidity above recent highs. However, Molchanov Andrey expects such a move to remain temporary unless buyers establish support above that level.