Solana Price Holds $85 Support Amid $140 Key Rebound Target

TLDR

• Solana(SOL) price holds the $85–$95 demand zone, a former resistance that flipped into structural support.
• Daily channel shows risk toward $65–$75, where buyers previously stepped in aggressively.
• Reclaiming $120–$140 would confirm renewed strength and reopen upside momentum.
• Weekly structure keeps macro stability intact while SOL trades well above $45–$55.

Solana(SOL) price is consolidating near a major technical floor as broader market volatility persists. High-timeframe charts show Solana trading below the $250–$260 supply zone that capped previous rallies. Current price action hovers around the $80–$90 zone, where historical demand has repeatedly emerged. Analysts now identify $85 as a pivotal support, with $140 highlighted as a key rebound target if strength returns.

Solana Price Defends $85 Support

According to analyst Reetika, the macro SOL against USD structure shows clearly defined supply and demand zones. The $250–$260 zone remains a heavy resistance band from the 2021 peak. Multiple failed attempts to reclaim the zone confirm sustained seller interest. This zone continues to define the long-term ceiling for the asset.

On the downside, the $85–$95 SOL price range stands out as a primary support block. This zone previously acted as resistance before flipping into support during the 2023–2024 recovery. Historical reactions from this band have produced strong rebounds. Holding above it preserves the broader bullish market structure.

However, a decisive breakdown below $85 would shift focus lower. In addition, secondary support is between the $60 and $70 levels, aligning with earlier accumulation ranges. Conversely, reclaiming $120–$140 would signal renewed Solana price strength. This move could lead toward $180–$200, restoring upside momentum within the crypto market.

Descending Channel Tests $65–$75 Demand

Meanwhile, analyst Lucky highlighted a descending channel on the daily Solana price chart. The structure shows consistent lower highs and lower lows since the macro top. Solana price trades near $80–$83, just above a demand zone between $65 and $75. This zone marks a critical inflection point for trend continuation.

The lower boundary of the channel increases the probability of a reaction. Historically, this demand band has attracted strong buying interest. A defense of $65–$75 followed by a breakout above the channel’s upper trendline would indicate reversal potential. Expanding volume would strengthen that signal.

Additionally, the analyst outlines an upside path toward $140–$160 if momentum builds. A move beyond that zone could extend toward $200. However, losing $65 would invalidate the bullish thesis. That scenario would likely trigger deeper retracement pressure across the asset.

Weekly Chart Highlights Structural Base

Moreover, Whale Factor provides a long-term weekly perspective on Solana price. Support located near $45–$55 has historically marked cycle bottoms. The asset currently trades above this range, indicating that macro buyers remain active. This zone continues to define structural stability.

Below that, another support appears near $20–$25, representing an extreme downside scenario. This band aligns with deep bear-market accumulation from earlier cycles. Unless a broad capitulation event unfolds, price is more likely to react from higher support. This reinforces the importance of the $85 zone.

Furthermore, the weekly outlook suggests a two-stage recovery pattern. An initial bounce could form a higher low before broader trend recovery. Reclaiming $90–$110 would confirm early structural improvement. Sustained strength above that band may gradually reopen the path toward the $140–$160 zone.

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