An analyst has identified potential support levels for Solana based on a Parallel Channel forming in its weekly price chart.
In a post on X, analyst Ali Martinez discussed Solana’s support outlook, pointing to a possible Parallel Channel in its weekly price action. A “Parallel Channel” is a technical analysis pattern that forms when an asset trades between two parallel trendlines. These channels can be ascending, descending, or sideways relative to the time axis. In this case, the channel appears to be sideways, indicating a period of consolidation.
The chart shared by Martinez shows that Solana tested the upper boundary of this channel several times in 2025, each time facing rejection and subsequent decline—consistent with the upper line acting as resistance. Following the latest rejection, SOL has declined sharply amid broader market weakness. While still trading in the upper half of the channel, further downside momentum could push the price lower.
Martinez suggests that in such a scenario, support may be found at $50.22, $22.47, and $9.98—corresponding to 50%, 75%, and 100% declines within the channel, respectively. The lowest level was last tested during the previous bear market, where it helped form a bottom.
It remains to be seen whether Solana will retest these levels. Martinez also noted that Stellar (XLM) is exhibiting a similar Parallel Channel pattern on its monthly chart, with potential support at $0.147, $0.078, and $0.041.
At the time of writing, SOL is trading around $81, down 5.5% over the past 24 hours.
Frequently Asked Questions
FAQs Solana Price Support Levels
Beginner Questions
1 What are support levels in crypto
Support levels are price points where an asset like Solana historically tends to stop falling and may bounce back up due to increased buying interest Think of them as price floors
2 Why are 50 22 and 10 mentioned as important for Solana
According to a market analyst these are the next major price levels where significant buying pressure could emerge if SOLs price declines potentially halting or reversing a downtrend
3 Does this mean SOL will definitely drop to these prices
No not at all Support levels are potential zones of interest based on analysis not predictions They are areas to watch if a downward trend continues
4 What happens if SOL breaks below a support level like 50
If the price breaks and sustains below a key support level with high volume it can turn into a resistance level and the next lower support becomes the new focus
Intermediate Advanced Questions
5 How do analysts determine these specific support levels
They typically use technical analysis looking at historical price charts for areas where
The price has previously reversed upward multiple times
Large volumes of trades have occurred
Key psychological round numbers exist
Longterm moving averages or other indicators align
6 What are the benefits of knowing these support levels
For traders and investors they can help in planning
Risk Management Setting stoploss orders below support levels
Entry Points Identifying potential areas to buy at a lower cost basis
Market Sentiment Gauging the strength of a downtrend if supports are broken
7 Whats a common problem or mistake when relying on support levels
The biggest mistake is assuming they are guaranteed to hold Markets can sweep levels before reversing Always use support levels as part of a broader strategy not in isolation
8 Can you give a practical example of how a trader might use this info
A trader might decide