SOL Eyes Reversal But Weekly Chart Warns of Lower Levels

Solana shows early recovery signals, but bearish weekly structure highlights major downside support levels if momentum weakens further.

Solana (SOL) changes hands at $86.45, down 2.07% over the past 24 hours, as intraday volatility keeps the price oscillating between roughly $84 and $88. After an early drop toward the mid-$84 zone, SOL rebounded above $88 before easing back into the $86 region.

This indicates short-term resistance around $88 while buyers continue defending lower support levels. Despite the daily pullback, SOL remains up 4.97% over the past week, though it is still down more than 30% over the last month.

Long/short ratios on major exchanges show a clear bullish skew, with Binance accounts at 2.31 and top traders even more heavily positioned to the upside. This strong long bias reflects optimistic sentiment, but could amplify volatility if support levels fail and leveraged positions begin to unwind. What’s next?

Where’s Solana Headed?

Solana remains in a broader downtrend on a daily chart, with the price trading well below the 50-day ($106.86), 100-day ($119.12), and 200-day ($158.02) simple moving averages. The bearish stacking of these moving averages confirms that medium- and long-term momentum is still tilted to the downside.

Although SOL has stabilized around the mid-$80 region and is attempting to build a short-term base, it has yet to reclaim any of the key moving averages, meaning the larger trend structure remains technically weak.

For a clear directional move, Solana needs to break decisively above the 50-day SMA and establish it as support. A sustained push beyond this level would be the first signal of shifting momentum, potentially opening the door toward the $119 region near the 100-day SMA.

Momentum, however, is beginning to show early signs of recovery. The Awesome Oscillator remains in negative territory at approximately -9.83, indicating that bearish momentum is still present.

That said, the histogram bars have been gradually shifting from deeper red to smaller green prints, suggesting that downside pressure is fading. If this momentum improvement continues alongside higher lows in price, it could signal the early stages of a recovery attempt. 

Here Are Next Major Support Levels for SOL

Elsewhere, crypto analyst Ali Martinez has outlined key downside levels to watch on Solana’s weekly chart if bearish momentum continues to build. The first major support level sits around $50.22, which previously acted as a significant consolidation and breakout region. 

Below that, Martinez highlights $22.47 as the next structural support tied to prior accumulation phases. In a more extreme downside scenario, the final major level to monitor stands near $9.98, representing a long-term floor.