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
Luck.io, Solana's Non-Custodial Casino, Shuts Down; Users Urged to Withdraw Funds Immediately
Gate News message, April 24 — Luck.io, a non-custodial casino platform built on Solana, announced its closure on April 24, 2026, urging all users to withdraw their balances from Smart Vaults immediately. Withdrawals can be initiated through the luck.io website or via the Vault Withdrawal Tool at
GateNews3h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand3h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand3h ago
Circle Mints 500M USDC on Solana in Two Transactions
Gate News message, April 24 — Circle, the stablecoin issuer, just minted 500 million USDC on the Solana blockchain, according to on-chain data.
The minting was completed in two separate transactions, each involving 250 million USDC.
GateNews5h ago
GSR Debuts BESO ETF With Bitcoin, Ethereum, Solana
GSR debuts BESO ETF with active strategy, adjusting Bitcoin, Ether, and Solana allocations weekly to outperform benchmarks.
ETF records nearly $5M in first-day volume, signaling early investor interest in diversified crypto investment products.
Launch aligns with growing ETF momentum as
CryptoFrontNews7h ago
OSL Group Partners with Circle to Expand USDC Access Across Trading and Payment Platforms
Gate News message, April 24 — OSL Group (HKEX: 863), a global stablecoin payment and trading platform, announced a partnership with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL) on April 22 to expand USDC access across its payment and trading platforms.
Through OSL Global, users can conv
GateNews9h ago
