Solana (SOL) price rebounded after holding a crucial level of support at $80, with $90 being the next major level of resistance to validate the recent price action as a possible reversal in the trend.
Solana’s price has been under constant selling pressure over the past few weeks, and now it’s at a crucial juncture.
At press time, Solana (SOL) is trading at $83.18, up 2.85% over the last 24 hours, according to data from CoinMarketCap. The SOL recorded approximately $5.74 billion in daily trading volume, while its market capitalization stood near $47.34 billion.
An increase in price with stable volume suggests that buyers are gradually returning to the market, but confirmation of the uptrend’s momentum is still needed.
Solana Recovery Gains Momentum
On February 20, 2026, crypto analyst BitGuru noted that SOL is trying to recover from a sharp downtrend. In his analysis, he noted that it has been consolidating within a well-defined support range of $80 to $83.
This level is being considered as a potential accumulation range with repeated defenses, making it technically more important. Holding above this range could increase the chances of a continued rise in the short term.
Furthermore, BitGuru also emphasized the importance of a decisive breakout past the $90 resistance level, as this would offer more confirmation for the short-term trend change. This would also go a long way in negating the recent lower highs and generating more buying interest.
Until then, however, SOL is still in the consolidation phase with the price action being contained within well-defined support and resistance levels.
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Solana Rally Faces Bearish Pressure
Meanwhile, another analyst, More Crypto Online, provided a different view on the recent price fluctuations. More Crypto Online argued that the recent price increase may be a sign of a temporary recovery rather than a reversal.
This means that if the price is not able to sustain the gains, it may continue to fall. Therefore, it is essential to maintain the support at $80.
Currently, the near-term outlook of Solana is balanced between potential and risk. The current $80 to $83 zone continues to provide technical support, while the $90 level is the next significant level to break out through.
A strong close above the current resistance level is expected to boost the current bullish momentum, while a close below the current support zone is likely to see the bears in charge again.
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