Solana is currently trading around $82, with a key support level at $80. Experts are monitoring the price to see if it will either rise significantly or fall to around $25-$28, while also noting signs that more people are starting to buy and hold the cryptocurrency.
Solana is currently trading at $82.32, and is holding just above a key support level. Over the last week, its price has fluctuated between $80.62 and $87.55.
Looking at the recent trading activity, we saw over $2.1 billion in volume over the last 24 hours. While that represents a small daily increase of about 1.47%, we’ve actually seen a 5.31% decrease in volume over the past week. Right now, I’m particularly focused on the $79 to $80 range as a key level to watch.
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SOL Price Sits at the Edge of a Massive Multi-Year Structure
Crypto analyst Scient points out that the current price range around $79-$80 is likely the lowest price we’ll see in the 2024 market cycle.
Analysts point to $210 as a crucial price level that has repeatedly stopped the price from going higher, most recently in September 2025. Each time the price tried to break through $210 since 2021, it failed, and the price subsequently dropped to where it is now.
The analyst noted that the price is currently stabilizing after falling to a key support level, suggesting a potential base is forming within a long-term trading range.
The analyst also noted a similarity to Ethereum‘s previous low point during a bear market. They highlighted that Ethereum previously reached a low of $80 during its last downturn.
The analyst believes that if SOL remains at its current price, it could still attempt to rise further. However, if the price falls below $79 or $80, it might drop down to around $25-$29.
As a researcher, I’ve been closely examining the 1-week chart for SOL. It’s a key indicator, but honestly, how you interpret it really comes down to your own viewpoint and how objectively you approach the data. It’s surprisingly subjective for something that seems so factual.
On this chart, the key levels to watch are $79, which was the lowest point in 2024, and $210, which represents the highest point of the recent upward trend. $210 is also…
— Scient (@Crypto_Scient) May 28, 2026
Daily Chart Shows Trend Flip and Clean Volume Setup
As a crypto investor, I’ve been watching Solana (SOL) closely, and I’m happy to see it finally breaking out of that long-term downtrend we’ve been dealing with. It looks like the trend has reversed, and we might be heading upwards now.
As a crypto investor, I was really encouraged to see the price bounce cleanly off that previously broken trendline *again*. It’s the second time now, and according to Scient, that’s exactly the kind of confirmation buyers like me want to see – it suggests the upward trend is likely to continue.
The volume profile provides additional insights. Scient observed that the majority of trading activity from the recent high has been concentrated around the current price.
The analyst observed minimal obstacles to price increases, even up to $120, based on trading volume. Considering this alongside the weekly price pattern, it’s a situation that merits close attention.
Technical Indicators Flash Bearish as RSI Stays Neutral
Analysts don’t all agree on the future of SOL. Umair Orakzai noted that the price of SOL fell below both its 100-day Simple Moving Average and a key Point of Control level.
Orakzai noted that Bitcoin failing to stay above $80 after falling below key support levels suggests weakness, not strength. He believes the next likely price level it will fall to is indicated by the yellow box on the chart.
My research on CoinCodex data paints a cautious picture. As of May 29, 2026, I’m seeing a significant imbalance – 29 technical indicators are pointing towards a downward trend, while only 3 suggest positive momentum.
The Relative Strength Index (RSI) is currently at 39.07, suggesting the market isn’t showing strong buying or selling pressure. CoinCodex forecasts that the 200-day Simple Moving Average (SMA) will decrease to around $99.50 by the end of June, and the 50-day SMA will fall to approximately $92.16 during the same timeframe.
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2026-05-29 15:35