Let’s be real the last few weeks for Solana have been a brutal roller coaster. we are staring directly at the $80.00 psychological barrier. After sliding from $100+ earlier this month, the Ethereum Killer is testing the resolve of every diamond-handed holder out there.
📊 The Technical Battleground
Right now, $SOL is hovering around $80.50 – $82.00. We are seeing a massive fight between two camps:
• The Bulls: Pointing to oversold RSI levels (around 21 on the 4H) and steady institutional inflows into SOL ETFs nearly $8.4M just this Tuesday! They see $80 as a historical springboard that could spark a 2026 recovery toward $150.
• The Bears: They’ve got the momentum. With the price well below the 50-day EMA and funding rates turning negative, they’re targeting $70 or even $64 if this floor cracks.
💡 Why $80 Matters
This isn't just a number; it's the 50% Fibonacci retracement level. Historically, when $SOL loses its footing here, the bleed tends to accelerate. However, with Goldman Sachs recently revealing a $108M stake in Solana ETFs, the Smart Money seems to be buying the fear.
🏁 My opinion
If we close the week above $80, expect a relief rally toward $98. If we break it? Pack your bags for a trip to the $70 zone.
Are you buying this dip, or waiting for a deeper flush?