As the cryptocurrency market shows signs of recovery, Solana (SOL) has rebounded from a major trendline and briefly reclaimed a key price level. Some analysts suggest a retest of important short-term resistance may be ahead, while others caution that a drop to new lows is still possible.
Solana Rebounds from a Two-Year Trendline
On Friday, Solana rose 10.3%, breaking past $85 for the first time in three days. The cryptocurrency has been trading between $78 and $88 over the past week, briefly falling to $67 during last Thursday’s market correction. SOL had dipped below $80 amid recent volatility, but today’s rebound has pushed it back above that level, potentially setting the stage for a recovery.
Market observer Daan Crypto Trades noted that SOL has reclaimed the key $80 level, which has historically acted as both major support and resistance. He believes Solana needs to hold above this area and establish a base before a shift to a bullish market structure on shorter timeframes can be confirmed.
Analyst Ali Martinez pointed out that sustained buying pressure could drive SOL’s price toward $88, a level not seen since the start of the week. The altcoin has struggled to break above this point since last week’s decline, making it a key short-term resistance. A successful breakout could open the door for a retest of the $90-$96 zone, which aligns with the lows from April 2025.
Meanwhile, Crypto Batman highlighted that Solana is retesting a two-year descending trendline on the weekly chart, around the recent lows. This macro trendline has held since early 2024 and has been tested multiple times. As the analyst explained, “Over the past 2 years, every time the price touches this level, a massive reversal occurs.” It has marked the bottom of each major correction during this period, with the latest retest in Q2 2025 leading to a rally in the following quarter.
Is a SOL Breakdown Still Possible?
Despite these optimistic views, other market watchers have shared bearish forecasts for Solana if momentum falters.
Altcoin Sherpa warned that SOL could fall to $50 if selling pressure pushes the price below a crucial support area. The chart indicates that after losing the 200-week Exponential Moving Average (EMA) around $121 and the April 2025 lows, the key area to watch is the recent local range low. If the cryptocurrency fails to hold the $77-$78 zone, the next major historical support lies near the November 2023 breakout area around $51.
Market watcher Crypto Bullet suggested that Solana’s bottom may not yet be in, stating that “those who bought BTC above $80k and SOL above $120 must stay trapped for a year or two.” He argued that a quick return to those levels “doesn’t make sense,” as cryptocurrencies are currently in a markdown phase. In a social media post, he outlined market cycle phases, noting accumulation occurred between 2022 and 2023, while distribution took place from 2024 into early 2026. Based on this, his chart suggests SOL could potentially find a bottom around $40.
As of this writing, Solana is trading at $84.17, reflecting a 2.5% decline over the past week.
Frequently Asked Questions
Of course Here is a list of FAQs about the news Solana Surges Back to 80 as Markets Rally on Friday Analysts Identify Key Levels Ahead designed for a range of readers
Beginner General Questions
1 What happened to Solana on Friday
Solanas price jumped significantly reaching around 80 as part of a broader positive movement across the cryptocurrency market
2 Why did Solanas price go up
The surge was driven by a general market rally where many cryptocurrencies gained value Positive sentiment increased buying activity and potentially favorable news or economic data contributed to the upward move
3 What does key levels mean in this context
Key levels are specific price points that traders and analysts watch closely They often represent previous highs or lows where the price might stall reverse or accelerate
4 Is 80 a good price for Solana
Whether a price is good depends on your goals and your perspective on its future value Its a significant recovery from its 2022 lows but below its alltime high of nearly 260
5 Should I buy Solana now because it hit 80
This is not financial advice Never invest based solely on a price surge Always do your own research understand the risks of cryptocurrency and consider your financial situation Price can be volatile and may drop after a rally
Intermediate Market Analysis Questions
6 What are the key resistance levels analysts are watching above 80
Analysts are likely watching levels like 90 and 100 The next significant resistance might be around 120130 where previous price consolidations occurred
7 What are the key support levels if the price falls from 80
Important support levels to watch would be 70 followed by 60 Holding above 70 would be seen as a sign of strength
8 What does markets rally on Friday refer to
It means the overall financial markets including stocks and cryptocurrencies experienced widespread price increases on that specific day This is often linked to macroeconomic factors like