Solana price is back in focus after a sharp recovery pushed SOL towards the $81 area. The move has improved short-term momentum, especially after SOL broke higher against Bitcoin and started showing strength while parts of the altcoin market remained mixed.
Solana’s BTC pair has started to break above a long descending trendline, which is one of the stronger technical signals on the current setup. The chart posted by ChiefraFba shows SOLBTC moving above its multi-month downtrend, with price pushing from the 0.00108 region towards 0.00133.
Solana breaks above its multi-month BTC pair downtrend, strengthening the bullish case for further upside. Source: ChiefraFba via X
This matters because SOL usually performs better when it starts gaining strength against Bitcoin. If the SOL/BTC breakout holds, it could support further upside on the USD pair. The next key area on SOL remains $83–$84, followed by the $87 region if buyers continue to control momentum.
SOL is currently trading near $81.60, and the short-term chart shows a possible pullback before continuation. Crypto Tony’s setup highlights $79–$80 as the area where bulls may want to see the price hold before the next leg higher.
Solana holds near $81 as traders watch the $79–$80 support zone for a possible move toward $86–$87. Source: Crypto Tony via X
If SOL defends this zone, the next upside target sits around $83–$84. A breakout above that level could open the path towards $86–$87. However, if SOL loses $79, the move could weaken quickly, and the price may revisit $77–$75 before another recovery attempt.
The daily chart is also starting to resemble a possible Wyckoff accumulation structure. Nebraskangooner’s chart compares SOL’s recent price action with classic accumulation phases, where the market moves through a selling climax, secondary test, spring, and then a possible sign of strength.
The key technical point here is that SOL appears to be trying to move out of the spring/test phase and into a stronger recovery phase. If this structure continues to play out, SOL needs to hold above $75–$77 and then reclaim $85–$90. A move above that zone would make the accumulation case much more convincing and open upside targets towards $120 and $140 in the short-term.
Solana’s daily chart shows a possible Wyckoff accumulation setup, with $85–$90 reclaim needed to confirm a larger recovery. Source: Nebraskangooner via X
A major whale has opened a $21.67 million SOL long with 20x leverage, according to the chart highlighted by Ted Pillows. The position has an entry near $80.04 and a liquidation price at $63.64. This adds an important level to the broader risk map. The $63.64 area is not an immediate target, but it shows where a highly leveraged long would be forced out if the market reversed sharply. As long as SOL holds above $75–$80, the position remains safe, but a deeper breakdown could increase liquidation risk across the market.
A whale opens a $21.67 million leveraged SOL long near $80, putting the $63.64 liquidation level on traders’ risk map. Source: Ted Pillows via X
Not every signal is bullish. Max Crypto pointed out that Bitfinex whales have been aggressively closing Solana longs, with the chart showing a sharp drop in SOL long exposure. According to the post, the last time a similar event happened, SOL dropped around 14%.
Bitfinex whale longs on Solana drop sharply, adding caution as traders watch whether $79–$80 support can hold. Source: Max Crypto via X
This does not guarantee another selloff, but it does make the current $79–$80 support more important. If SOL stays above this zone, the long reduction may simply reflect profit-taking after the recent move. But if price starts breaking below $79, the market could see a deeper pullback towards $75 and then $70.
Solana price is currently trading in a tight but important range. The first support zone sits around $79–$80, which is where bulls need to defend the current breakout structure. Below that, $77 and $75 become the next downside levels.
Solana price trades at $80.35, down 2.43% in the last 24 hours. Source: SOL price via Brave New Coin
On the upside, $83–$84 is the first major resistance. If SOL clears that zone, the next targets are $86–$87, followed by $90. A clean move above $90 would shift the broader structure more bullish and could put $95–$100 back into focus.
Important levels now are:
Solana’s setup is improving, but confirmation still matters. The SOLBTC breakout, Wyckoff-style accumulation structure, and strong move towards $81 all support the bullish case. However, whale long reductions, exchange transfers, and leveraged positioning mean traders still need to respect downside risk.
From here, the setup is fairly clear:
For now, the Solana price prediction remains cautiously bullish while SOL holds above $80. A clean breakout above $84 would strengthen the recovery, but losing $79 would turn the current move into another failed breakout attempt.
