Solana rebounds back above $80, technical signals diverge pointing to two paths at $88 and $50
February 14 News, as the crypto market experiences a short-term recovery, Solana (SOL) rebounded about 10% on Friday, briefly breaking through the $85 level and regaining the critical $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 $80 has historically played an important role as both support and resistance; whether this level can hold is key to determining if the short-term structure is turning stronger. Analyst Ali Martinez believes that if buying pressure continues, the price could test the short-term resistance at $88. A breakout above that could create conditions for a challenge of the $90 to $96 range, which corresponds to the previous low in April 2025. From a higher time frame, Crypto Batman mentioned that SOL is testing a descending trendline on the weekly chart that has been in place for nearly two years. This trendline has been validated 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 quarter of 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 a risk of approaching $50. He emphasized that after breaking below the 200-week moving average and last year's key lows, SOL remains in a fragile structure. Crypto Bullet believes that the current market is still in a distribution phase, and it is unlikely to return above $120 in the short term. His cycle model indicates that Solana's potential bottom could be near $40. The increasing divergence between bulls and bears shows that SOL is at a critical decision point. #Gate广场发帖领五万美金红包
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Solana rebounds back above $80, technical signals diverge pointing to two paths at $88 and $50
February 14 News, as the crypto market experiences a short-term recovery, Solana (SOL) rebounded about 10% on Friday, briefly breaking through the $85 level and regaining the critical $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 $80 has historically played an important role as both support and resistance; whether this level can hold is key to determining if the short-term structure is turning stronger. Analyst Ali Martinez believes that if buying pressure continues, the price could test the short-term resistance at $88. A breakout above that could create conditions for a challenge of the $90 to $96 range, which corresponds to the previous low in April 2025. From a higher time frame, Crypto Batman mentioned that SOL is testing a descending trendline on the weekly chart that has been in place for nearly two years. This trendline has been validated 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 quarter of 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 a risk of approaching $50. He emphasized that after breaking below the 200-week moving average and last year's key lows, SOL remains in a fragile structure. Crypto Bullet believes that the current market is still in a distribution phase, and it is unlikely to return above $120 in the short term. His cycle model indicates that Solana's potential bottom could be near $40. The increasing divergence between bulls and bears shows that SOL is at a critical decision point. #Gate广场发帖领五万美金红包