Solana trades at $82 amid critical support at $80. Analysts watch for a breakout or drop to mid-$20s as accumulation signals emerge.
Solana is trading at $82.32, sitting just above a critical support zone. The past week saw SOL range between $80.62 and $87.55.
Daily volume hit over $2.1 billion in the last 24 hours. That marks a 1.47% gain on the day but a 5.31% decline over seven days. All eyes are now on the $79-$80 level.
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SOL Price Sits at the Edge of a Massive Multi-Year Structure
Crypto analyst Scient highlighted the significance of the current price zone onX. According to the analyst, the $79-$80 range represents the 2024 cycle low.
Scient noted that $210 remains the key resistance level above, having rejected price three times since 2021. The third failed breakout attempt came in September 2025, after which price pulled back sharply to current levels.
Scient described the current behavior as re-accumulation at the lows of a large multi-year structure.
The analyst also drew a comparison to Ethereum’s bear market bottom. Scient pointed out that ETH bottomed at $80 during its last bear market cycle.
If SOL holds the same level, the analyst suggested the setup stays intact for a future breakout attempt. Losing $79-$80, the analyst warned, could send the price toward the mid-$20s.
$SOL 1W (First chart) — this is an important chart and how you read it depends on your perspective and how rational you are with it.
The most important levels on this chart are the 2024 low at $79 and the impulsive high of that move at $210. That $210 also happens to be the… pic.twitter.com/HW1wgF3TeM
— Scient (@Crypto_Scient) May 28, 2026
Daily Chart Shows Trend Flip and Clean Volume Setup
On the daily timeframe, Scient noted that SOL broke out of its macro downtrend. The analyst said the trend has flipped to the upside.
A second bullish retest of that broken trend occurred recently, with price bouncing cleanly off it. Scient described this as confirmation behavior buyers want to see.
The volume profile adds further context. Scient pointed out that most of the volume from the top has clustered at current price levels.
From current prices up to $120, the analyst noted very little resistance on the volume profile. That, combined with the weekly structure, makes the setup one worth watching closely.
Technical Indicators Flash Bearish as RSI Stays Neutral
Not all analysts share the same outlook. Analyst Umair Orakzai flagged that SOL broke below its 100-day SMA and the Point of Control (POC) level.
Orakzai said holding above $80 after breaking those supports shows lag rather than strength. The analyst suggested the yellow support box below remains the likely next target.
CoinCodex data backs the cautious tone. As of May 29, 2026, 29 technical indicators signal bearish momentum against just 3 bullish signals.
The RSI sits at 39.07, reflecting a neutral market. CoinCodex also projects the 200-day SMA to drop to $99.50 by late June, with the 50-day SMA expected at $92.16 over the same period.