Solana Forms SFP at Fibonacci Support, Local Bottom Developing?SOLUSDT Perpetual ContractBYBIT:SOLUSDT.PThe_Alchemist_Trader_Solana price action is showing a highly technical reaction as a swing failure pattern (SFP) forms near the 0.618 Fibonacci support level. Price briefly traded below the previous swing low before quickly reclaiming it, leaving multiple downside wicks that signal strong demand at current levels. An SFP typically indicates a liquidity sweep where sellers are trapped after failing to push price lower. The reaction occurring directly at Fibonacci support strengthens the probability that Solana may be establishing a local bottom after the recent corrective phase. From a market structure perspective, confirmation now depends on reclaiming the $78 resistance level. This area represents local supply and a key decision zone. Acceptance above $78 would shift short-term structure bullish and open the probability of an accelerated move toward the $88 resistance. Reclaiming this level would also place price back above the value area low, suggesting improving momentum and increasing buyer participation. Until resistance is reclaimed, Solana remains in a reaction phase. However, the presence of a confirmed SFP at Fibonacci support suggests downside momentum is weakening and a short-term reversal scenario is developing.