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.
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