The post Solana price risks a drop below $80 as bearish engulfing candles indicate weakness appeared on BitcoinEthereumNews.com.

Solana’s price is showing renewed downside risk after bearish engulfing candles rejected key resistance, with weakening market structure increasing the likelihood of testing sub-$80 support levels. Summary Bearish engulfing candles confirm rejection at the key $90 resistance Loss of the point of control signals weakness, favoring further downside $78–$80 support is the critical zone, with Fibonacci and liquidity confluence Solana (SOL) price action has shifted back into a vulnerable technical position after a failed attempt to reclaim higher resistance. What initially looked like a potential stabilization has now turned into renewed weakness, as sellers regain control after a rejection at a key resistance zone. The broader structure remains corrective, and recent candlestick behavior suggests that downside continuation is becoming increasingly likely. As price trades back below important value levels, attention is now turning to high-timeframe support zones that could come into play in the near term. Whether these levels hold or fail will determine if Solana can stage a meaningful bounce or if the correction deepens further. Solana price key technical points Bearish engulfing candles rejected $90 resistance, reinforcing seller control Loss of the point of control signals weakness, favoring rotation lower $78–$80 support zone aligns with Fibonacci confluence, acting as a key downside target SOLUSDT (4H) Chart, Source: TradingView Solana recently attempted to push above the $90 resistance level, but the move failed to gain traction. Price quickly closed back below resistance, forming bearish engulfing candles that invalidated the breakout attempt. These engulfing structures are significant because they often reflect aggressive selling pressure entering the market when buyers lose control. The rejection from resistance is further reinforced by Solana’s inability to hold above the point of control (POC). Multiple counter-trend closes below this level indicate that the market has shifted away from balance and back into bearish momentum. When price…

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Filed under: News - @ February 18, 2026 9:29 pm