SOL Holds $80, Downside Still Active

Solana is testing one of its most important short term levels while a broader chart still points to more downside risk. One setup shows buyers repeatedly defending the $80 zone, but another suggests that if this support fails, SOL could face a much deeper drop.

Solana Chart Signals More Downside as Bearish Pattern Targets Lower Support Zone

A chart shared by X user Hardy showed Solana still under pressure after a failed recovery near the $91 to $99 resistance area. The chart marked a rising wedge style structure after February’s sharp drop, with price trading near $79 at the time of posting. That setup pointed to weakening momentum, especially as SOL stayed below the upper resistance band and moved close to the lower boundary of the pattern.

Solana Bearish Wedge Setup. Source: TradingView,Hardy

Moreover, the chart projected a bearish path if that lower trendline breaks. The drawn scenario showed a brief bounce, followed by another rejection and a deeper move lower. In that case, the next major support zone appeared far below the current price, around the $45 area, while an even lower historical zone sat near $27 to $30. As a result, the chart suggested that Solana could face another leg down if buyers fail to defend the current structure.

At the same time, the broader trend on the chart remained negative. SOL had already fallen sharply from levels above $200 before entering this narrow consolidation range. Because that pause came after a steep decline, the pattern looked more like a temporary base inside a downtrend than a confirmed reversal. Therefore, the chart’s message was clear: unless Solana reclaims the upper resistance zone with strength, downside risk remains in focus.

Solana Holds Key $80 Zone as Previous Breaks Below Support Fade Quickly

A 12 hour Solana chart shared by Satoshi Flipper showed $80 acting as a key support area, with most dips below that level reversing quickly. The chart highlighted several tests of the zone since February, and each move under $80 appeared brief rather than sustained. At the time of the post, SOL traded near $78.39 after another drop below the level.

SOL 12 Hour Support at $80. Source: TradingView,Satoshi Flipper

Moreover, the chart suggested that buyers have repeatedly stepped in around this area. Price moved back above or close to $80 after earlier breakdown attempts, which turned that zone into an important short term line for traders. Because the latest move again pushed slightly under support, attention now shifts to whether SOL can reclaim the level as it did before.

However, the chart alone does not confirm a full reversal. Repeated support tests can show demand, but they can also weaken a level over time if buyers fail to push price higher. As a result, the $80 area remains the main level to watch. If Solana quickly recovers it, the pattern of short lived dips stays intact. If not, the market could start treating this support as broken.