Solana trading near $85, holding a $77–$87 weekly support zone and roughly 77% below its ATH; some traders report accumulating near $80. Mixed momentum: funding rates negative for 21 weeks, five consecutive negative months and weekly RSI at lowest since 2022, but daily MACD gave a bullish cross, 10/20 EMAs flatten and price is extended from the Bollinger mean. Market implication: reclaiming the broken range would target $143, $205 and $251; failure to hold $77–$87 keeps downside risk — key for crypto traders, futures positioning and token performance assessments.

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Solana is testing a key zone that analysts say could shape its next major move. Two widely shared charts show heavy downside pressure, but they also point to early signs that the selloff may be losing strength.

Solana Holds $77–$87 Support as Bearish Momentum Eases

Solana traded near $85 on the weekly chart, holding a support zone between $77 and $87. The token now sits about 77% below its all-time high. Trader gnarleyquinn said he is accumulating in that range with an average entry near $80.

Solana Weekly Price Chart. Source: X

Several indicators now point to a stretched market. Funding rates stayed negative for 21 straight weeks, which shows persistent bearish positioning in futures markets. Solana also posted five consecutive negative months, while its weekly RSI fell to its lowest level since 2022.

At the same time, some momentum signals began to shift. The daily MACD formed a bullish cross, and the 10-day and 20-day exponential moving averages started to flatten. In addition, price moved far from its Bollinger Band mean, a sign of extension that often appears after heavy selling.

The weekly chart shows the $77–$87 area as a key base. If that level holds, traders may look at higher zones near $143, $205 and $251. For now, Solana remains near support while momentum indicators suggest downside pressure may be cooling.

Solana RSI Hits Lowest Level Since 2022 as Analysts Watch Range Reclaim

A weekly Solana chart shared by CryptoCurb shows the token slipping below a key support zone, which the analyst labels as a deviation. In technical terms, that means price moved under an important range instead of holding it cleanly.

Solana Market Structure Chart. Source: CryptoCurb

The chart focuses on what comes next. If Solana reclaims that lost level, the previous range could be restored. Analysts often treat that move as a sign that support remains valid despite the breakdown.

At the same time, the weekly RSI has dropped to its lowest point since the 2022 bear market. That reading shows heavy downside pressure after a long decline. Because of that, traders are now watching whether Solana can recover the broken range and shift back into a stronger structure.

Read the article at Coinpaper