Solana staged a sharp rebound on Friday, climbing 10.3% to move back above the $85 mark after three days of pressure.
The token had traded within a tight $78 to $88 range over the past week before tumbling to $67 during last Thursday’s wider market pullback.
Recent volatility dragged SOL beneath the $80 level, erasing the middle of its local range and unsettling short-term traders.
Friday’s recovery pushed the asset back above lost ground, fuelling speculation that a broader recovery attempt may be underway.
Market analyst Daan Crypto Trades said Solana has regained the pivotal $80 zone, an area that has repeatedly acted as both support and resistance in previous cycles.
He stressed that the token must consolidate above that level and build a base before “watching for a low-timeframe market structure break back to bullish,” Daan Crypto Trades said.
Analyst Ali Martinez pointed out that continued buying interest could drive SOL towards $88, a price last seen earlier this week.
The $88 level has capped upside attempts since last week’s breakdown and now stands as a significant short-term resistance barrier.
A decisive move beyond that threshold could open the path towards the $90 to $96 region, which aligns with the lows recorded in April 2025.
Crypto Batman observed that Solana is currently testing a two-year descending trendline on the weekly chart that has held firm since early 2024.
“Over the past 2 years, every time the price touches this level, a massive reversal occurs,”
Crypto Batman said.
He noted that each contact with the trendline has coincided with the end of major corrections, including the Q2 2025 retest that preceded a strong quarterly rally.
Despite the renewed optimism, some analysts remain cautious about downside risks if bullish momentum fades.
Altcoin Sherpa warned that SOL could retreat towards $50 should it fail to defend key support levels.
He highlighted that after losing the 200-week Exponential Moving Average near $121 and surrendering the April 2025 lows, the $77 to $78 zone now represents critical support.
A break below that band could expose the November 2023 breakout region around $51 as the next significant historical floor.
Crypto Bullet argued that the market bottom may still lie ahead, cautioning that “those who bought BTC above $80k and SOL above $120 must stay trapped for a year or two,”