February 14 News, as the crypto market experiences a short-term rebound, Solana (SOL) surged approximately 10% on Friday, briefly breaking through the $85 level and regaining the crucial $80 zone. Over the past week, SOL has fluctuated between $78 and $88, with a low of $67 during the recent correction. This rebound is seen as a technical correction following the recent breach of support levels.
Market analysis firm Daan Crypto Trades pointed out that the $80 level has historically served as an important support and resistance point. Whether this level can hold is key to determining if the short-term structure is turning stronger. Analyst Ali Martinez believes that if buying momentum continues, the price could test the short-term resistance at $88. A breakout above this could pave the way for a challenge of the $90 to $96 range, which corresponds to the previous low in April 2025.
From a higher time frame perspective, Crypto Batman mentioned that SOL is currently testing a nearly two-year-long descending trendline on the weekly chart. This trendline has been tested multiple times since early 2024, with each touch resulting in a phase reversal. The most recent test occurred in Q2 2025, leading to a subsequent quarterly rebound.
However, the market is not unanimously bullish. Altcoin Sherpa warned that if the price falls below the $77 to $78 range again, the next significant support could be around $51, with even the risk of approaching $50. He emphasized that after breaking below the 200-week moving average and last year’s key low, SOL remains in a vulnerable structure.
Crypto Bullet believes that the market is still in a distribution phase, and a short-term return above $120 is unlikely. His cycle model indicates that Solana’s potential bottom could be near $40. The increasing divergence between bulls and bears suggests that SOL is at a critical decision point.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Price Faces Downside Risk as Bears Eye $74 Zone
Key Insights
Solana trades near eighty dollars as bearish momentum builds, with indicators signaling weakness and increasing probability of testing lower support levels soon.
Technical signals, including weak MACD and low RSI momentum, indicate sellers remain dominant, reinforcing downside p
CryptoNewsLand5h ago
Solana Holds Key Support as Range Tightens Below $90
Key Insights
Solana trades near $80 support as price compresses within a tight range, reflecting reduced volatility and balanced market participation among traders.
Persistent lower highs and price below major moving averages confirm ongoing bearish structure, limiting recovery attempts
CryptoNewsLand9h ago
SOL Strategies acquires Solana zero-knowledge technology company Darklake Labs for $1.2 million
SOL Strategies announced on April 7 that it will acquire Solana zero-knowledge technology company Darklake Labs for $1.2 million. The deal includes $200k in cash and $1 million in stock. Darklake Labs developed the zero-knowledge proof system Zyga for Solana, aiming to improve transaction privacy and prevent front-running trading and sandwich attacks. After the acquisition, its founders and core team will join SOL Strategies.
GateNews10h ago
