Solana (SOL) regained momentum, trading near $86.13 after a 4.41% daily and 8.72% weekly gain; market capitalization ≈ $49.5B with 580M circulating tokens and rising trading activity (crypto, token adoption). Technicals: short-term resistance at $86.50 and a supply zone $87.87–$89.75; next major resistance at $108; immediate support band $80–$82 with layered supports at $81.65, $80.44, $78.76, $75.38 and $71.92 (relevant for traders, DeFi/DEX liquidity). Outlook: breakout above $87.9–$89.8 would strengthen bullish continuation, while a clean break below $80 would weaken structure and likely trigger bearish momentum.

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Solana (SOL) extended its recovery this week, gaining momentum as traders tracked key resistance and support levels. The asset climbed above $86, reflecting steady demand after a recent pullback phase. Market participants now focus on whether SOL can sustain this strength and break through near-term supply zones.

Resistance Levels Cap Upside Momentum

According to Ali Martinez, Solana trades within a long-term ascending channel that guides its broader trend. He identifies $108 as the next major resistance, where price has repeatedly failed to hold gains.

Moreover, he points to $49 as a macro support level positioned near the channel’s midpoint. This level defines the broader structural floor.

Meanwhile, MCO Global highlights short-term resistance zones shaping immediate price action. SOL recently tested $86.50, marking the first barrier in its current rally.

Source: X

Additionally, the next supply range sits between $87.87 and $89.75. A breakout above this zone would strengthen bullish continuation signals. Hence, traders watch this range closely for confirmation of upward momentum.

Support Zones Hold Bullish Structure

Short-term structure remains supported by strong demand between $80 and $82. BitGuru notes that this zone acts as a critical base for buyers.

As long as price holds above it, bulls maintain control. Additionally, this region aligns with a prior breakout level, reinforcing its importance.

Further downside levels include $81.65, $80.44, and $78.76. Moreover, deeper supports rest at $75.38 and $71.92. These levels provide layered protection if selling pressure increases.

However, a clean break below $80 would weaken the current structure. Consequently, such a move could trigger a shift toward bearish momentum.

Market Data Reflects Growing Interest

Solana currently trades near $86.13, supported by rising trading activity. The asset posted a 4.41% daily gain and an 8.72% weekly increase.

Additionally, its market capitalization stands near $49.5 billion, backed by a circulating supply of 580 million tokens. These figures indicate sustained investor interest.

Read the article at Coinpaper