#SOLANA If Solana maintains its position above $80, the $87 level will come back into focus.

Solana has once again become a market focal point following its recent rally. As the SOL price rebounded to around $81, its strengthening—particularly against Bitcoin—bolstered the short-term outlook. While the broader altcoin market exhibits mixed trends, the technical picture for SOL appears more constructive to some analysts.

Breakout against Bitcoin stands out

The SOL/BTC pair appears to have broken above a multi-month downtrend line. The chart shows a move from the 0.00108 region toward the 0.00133 level. This breakout is being closely monitored because Solana has historically demonstrated stronger performance against the dollar when gaining strength against Bitcoin.

The data indicates that the SOL/BTC pair has surpassed its multi-month downtrend line, with the technical outlook supporting an upward scenario.

If this structure holds, the $83–$84 range emerges as the primary resistance zone for SOL. Should this area be surpassed, the $87 level could be targeted next.

The $80 support level could prove decisive in the short term.

Analysis suggests that the rally could resume following a limited pullback on the short-term chart. In this scenario, the $79–$80 band is viewed as a critical support zone. If SOL remains above this area, it could potentially move toward the $83–$84 range, followed by the $86–$87 band.
Conversely, the outlook could weaken if the price slips below $79. In such a scenario, the $77 and $75 levels could be retested.

On the daily chart, some analysts point to a potential accumulation pattern.

For this scenario to gain momentum, the $75–$77 band must hold, followed by a recovery of the $85–$90 region. A sustained move above $90 could support expectations for a broader recovery.

Data indicates that a large investor opened a $21.67 million SOL long position with 20x leverage. The entry level for this trade is $80.04, with a liquidation level of $63.64. While this level is not viewed as a near-term target, it highlights where pressure on leveraged positions might intensify during a sharp market reversal.

Large investors have significantly closed their Solana long positions. A sharp decline in SOL long positions is visible on the chart; notably, the last time a similar move occurred, the price fell by approximately 14%. Therefore, if the $79–$80 support holds, the selling pressure may simply represent profit-taking; however, losing this support could increase the risk of a deeper correction toward $75 or even $70.

With the rebound around $81, Solana has brought the $87 target for $SOL back into focus.

The $79–$80 band is being watched as the most critical support zone in the short term.

Large investor activity indicates that downside risks persist despite the bullish outlook.

If the price breaks above the $83–$84 resistance, it could open up room for a move toward the $86–$87 band.
‍$SOL