$SOL Reclaiming Momentum Amid Institutional Catalysts

​The price of Solana ($SOL) is currently trading at $86.37, experiencing a minor intraday consolidation of -3.15%. On the 1-hour chart, $SOL has firmly established a structural floor at the critical support level of $85.47, indicating that buyers are actively stepping in near this zone to halt the correction.
​Long $SOL
​Entry Zone: $85.80 – $86.80
​Stop Loss (SL): $83.50
​Target 1 (TP1): $89.50
​Target 2 (TP2): $91.50
​Target 3 (TP3): $93.00
​Market Analysis
​$SOL is stabilizing within a defined accumulation block following its steady descent from local highs near $92.61. The successful test and quick rejection of the $85.47 low demonstrates clear absorption of sell orders at these deeper structural levels.
​Market liquidity remains deep with a 24-hour trading volume of 10.60M tokens and a substantial turnover of $917.41M USDT. With the 24-hour high positioned at $90.06, a clean hourly candle close above the immediate minor resistance line will flip market structure back to bullish, unlocking the momentum required to challenge the upper target zones.

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