🔍 Solana ($SOL) Analysis: Critical $80 Support – Is it a Trap or a Buy?
$SOL is at a massive crossroads today! After testing the $85 resistance earlier, we are seeing a slight pullback. Here is what the charts are telling us right now:
📊 The Technical Setup:
Immediate Support: $80.00. This is the "Must-Hold" level. A daily close below this could trigger a deeper correction toward $76.
Target Resistance: $88.20. If we break this with volume, the next stop is $92.00.
RSI Indicator: Currently sitting at 54 (Neutral).
This means there is plenty of room for a move in either direction, but the bulls are fighting to keep the momentum.
💡 Market Sentiment:
Institutional inflows into Solana ETFs have been steady this week ($8.4M recently!), and the "Graveyard Hackathon" (Feb 12-27) is keeping developer activity high.
My Trade Plan: I am looking for a "bounce" off the $81.50 area. If we hold, it's a great entry for a swing trade toward $88. If we break $80, I’ll be waiting for a better entry lower.
What’s your SOL price prediction for the weekend?
🚀 $90+ or 📉 Sub-$80?
