Solana Price Tests Critical $75-$80 Zone As Traders Eye Long-Term Bullish Breakout

Key Insights:

• Solana price rejected upper channel resistance with support zones at $80, $77, and $69.50.
• Traders identified $74-$50 as the critical bottom range while flagging $75-$90 as the accumulation zone.
• Long-term forecasts point to a $500 target by mid-2026 if the megaphone pattern completes.

Solana price traded near $84 on February 20, 2026, as technical analysts debated whether the asset found a cycle bottom or faced further downside toward $50. Trader Ali Martinez identified two critical levels on February 20: $74.11 and $50.18 represented the next key Solana price thresholds for SOL.

Market intelligence platform Blockcircle posted on February 19 that the SOL crypto chart told a clear, near-term bearish story.

The analysis included a technical chart showing the Solana price rejected at the upper channel bottom, with important support zones at $80 and $77. Another support level appeared well below the current trading range at approximately $69.50.

The chart displayed a descending channel pattern with Solana price oscillating within defined boundaries. The rejection at the upper trend line suggested continued pressure within the established downtrend structure. Volume indicators remained relatively subdued during the recent price action.

Accumulation Zone or Deviation?

Trader Bluntz shared on February 19 that he still believed the SOL crypto bottom was in place and that current price action represented the early stages of accumulation. He posted a technical chart showing an accumulation zone between $75 and approximately $90 for Solana.

The analysis suggested that once the $90 resistance broke and tested afterward as support, SOL could advance toward $108. The chart included wave pattern annotations and highlighted a rectangular zone marking the proposed accumulation range.

The framework positioned recent price weakness as a buying opportunity rather than the start of a deeper correction. Trader SZ shared a chart on February 20 showing Solana’s price losing support around $100, but flagged it as a deviation rather than a genuine break.

The analysis emphasized that the area near the bottom at $75 held strong despite the apparent loss of support at higher levels. The deviation framework suggested that brief moves below key levels did not invalidate the broader support structure if the price quickly recovered.

The chart marked the $75 zone with particular emphasis as the critical line that had not yet failed. This interpretation offered a more constructive view than surface-level support breaks might imply.

Solana Price Long-Term Forecasts Target $500 By Mid-2026

Trader curb.sol posted on February 15 that the SOL crypto chart looked favorable for extended timeframes. The analysis included a chart suggesting Solana price could advance toward $500 by July 2026 after touching the bottom of a “megaphone pattern.”

The pattern showed converging trend lines that suggested volatility compression before a potential breakout phase. The megaphone pattern on the chart showed widening price swings within an expanding range, with the current Solana price action near the lower boundary.

The forecast implied a substantial percentage gain from current levels if the pattern were to complete as anticipated. The $1,000-plus projection appeared as an extension target beyond the initial $500 level.

Solana Price Bottom Formation Debate Spans $10 to $75 Range

Trader TedPillows posted on February 18 that the displayed zone could represent the most likely bottom area for Solana price in the current cycle. The chart showed a bottom zone between $50 and $10, with particular emphasis on the $50 level as a critical support threshold.

The analysis noted that before dipping to a worst-case scenario at $10, the $50 top of the channel must be tested and lost as support.

The chart displayed a “bottom formation” label, highlighting historical accumulation periods when SOL traded within a similar range in 2022 and 2023. The pattern comparison suggested that extended consolidation phases preceded significant rallies.

Technical structure across the posted charts converged on the $70-$80 range as a pivotal zone. Solana price holding above this area could validate the accumulation thesis and support near-term recoveries toward $90-$100.

A sustained break below $70 would open the path to the $50 level, which multiple analysts identified as a deeper support target. The one-week chart structure showed Solana price down substantially from 2025 highs near $260, but stabilizing above the psychologically important $80 level.

Relative Strength Index readings suggested oversold conditions on shorter timeframes, though broader momentum remained negative. Moving averages converged in a bearish configuration, with both the 50-day and 100-day averages sloping downward.