Solana Sweeps Lows and Reclaims Support: Reversal Attempt Underway?

Solana is attempting to stabilize after sweeping liquidity below its lower channel support, with price trading near $78–$79 at the time of writing.

The recent move saw SOL break beneath the descending support line before sharply reclaiming structure, printing a long downside wick that suggests aggressive selling was absorbed rather than extended.

Liquidity Grab Below Channel Support

The higher time frame structure shows SOL trading inside a broader descending channel. Price recently pierced the lower boundary, triggering what appears to be a liquidity sweep, before snapping back inside the channel.

This type of move often signals short-term seller exhaustion, especially when the breakdown fails to hold.

On the lower timeframe TradingView chart, volatility expanded during the flush toward the $77 area, followed by a quick recovery back above reclaimed support.

Key Levels to Watch

If SOL holds above the reclaimed support zone, the structure opens the door for a corrective push toward the descending resistance line near the upper boundary of the channel.

The projected path suggests:

• Continued consolidation above recent lows
• Gradual formation of higher lows on lower timeframes
• Potential move toward the descending resistance trendline

However, a clean break below the recent wick low would invalidate the short-term recovery setup and reintroduce downside continuation risk.

Compression Phase Before Expansion

SOL remains within a broader downtrend structure, but the failed breakdown shifts short-term momentum toward a potential relief rotation.

For now, the reclaimed support near $77–$78 becomes the key level. As long as that area holds, the possibility of a corrective bounce toward channel resistance remains technically in play.

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