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
Standard Chartered Sees Solana Shifting Beyond Memecoins Toward Payments
_Standard Chartered set SOL $250 target for 2026 and $2,000 forecast for 2030._
_Solana stablecoin turnover is 2–3x higher than Ethereum, per report data._
_Bank links Solana growth to low fees and shifts toward payment use cases._
Standard Chartered has revised its Solana outlook as
LiveBTCNews18h ago
Phantom Wallet crashes big time! During the airdrop period, token prices went haywire and balances were reset to zero—users blasted it for “making them pay up.”
Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token prices and account balances to be displayed, which affected user transactions. Some users suffered losses as a result and demanded compensation. Security experts warned of the risk of phishing attacks and advised users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges of self-custody wallets in terms of system stability and the user experience.
区块客21h ago
The U.S. spot SOL ETF had a net inflow of $11.4530 million yesterday
On April 10, the U.S. SOL spot ETF recorded a net inflow of $11.4530 million in a single day. The Bitwise Solana Staking ETF (BSOL) contributed all of the inflow, bringing the historical total net inflow to $789.00 million. The current net asset value (NAV) of the SOL spot ETF’s total assets is $828.00 million, and the historical cumulative net inflow is $975.00 million.
GateNews21h ago
Alchemy Launches $20M Fund To Accelerate Solana Innovation
The race to dominate Web3 infrastructure continues to intensify, and Alchemy just made a bold move. The company launched a $20 million initiative aimed at accelerating innovation within the Solana ecosystem. This step signals a deeper commitment to empowering developers who want to build fast,
Coinfomania04-11 00:10
Circle minted a total of 10.5 billion USDC on Solana over the past month
Gate News update, on April 10, Circle added another 250 million newly minted USDC today. Data shows that over the past month, Circle has cumulatively minted 10.5 billion USDC on Solana.
GateNews04-10 15:51
