Solana Price Holds Mid‑$80s, But Weekly Charts Warn of $50 Downside

Solana (SOL) briefly touched the $90 mark on February 25, 2026, after a period of intense volatility. However, the price has retraced due to recent broader price fluctuations. On February 27, 2026, the SOL price declined by 5.26% over the last 24 hours, reaching $81.40.

Summary

• Solana (SOL) is trading above the $80 range after a week of major volatility.
• According to weekly charts, SOL could drop below $80 and experience a deeper correction towards $74.11, with a potential downside target of $50.
• The immediate support levels are between the $75-$80 range, currently defended by buyers.

Solana (SOL) reached the $90 mark

On February 25, 2026, Solana (SOL) reached and briefly surpassed the $90 mark. It surged 11.37% in a single day, hitting a high of $92.96, driven by market relief and an ETF inflows surge of $3.78 million in a single day. The token broke the $88 resistance level, and bulls were able to push the price above $90.

SOL futures Open Interest (OI) rose by 7%, reaching $5.34 billion. The price increase triggered $27.46 million in liquidations within 24 hours, accelerating an upward move that forced traders to buy back their positions.
Analysts noted a minor decline below the 23.6% Fib retracement level of the recent upward move from a low of $75.4 to the high of $92.05. Recently, there was an attempt to transcend the resistance at $87 on the hourly chart.

Is Solana (SOL) heading towards a downside correction?

After reaching the mark of $90 on February 25, 2026, Solana (SOL) prices fell because of aggressive profit-taking at key resistance levels and cooling ETF inflows. Furthermore, overall market volatility also caused a major price decline. On February 27, SOL price reached $81.40, recording a decline of about 10% from its mid-week high.

The immediate support level is near the $75-$80 zone, which is defended by buyers. According to analysts, a decisive break below $74.11 would push it towards the $50 level.

SOL is currently trading below all its major daily exponential moving averages (EMAs). The 20-day EMA and 50-day EMA are serving as immediate and medium-term overhead barriers.

The 14-day RSI is approximately 26.67, which is in an oversold territory. Both MACD lines remain below the zero line, suggesting the bullish momentum has not been restored.

Could SOL plunge towards $50?

Some analysts anticipate that Solana (SOL) could plunge towards $50 if the bearish trend continues to dominate. A break below psychological levels like $75 could trigger large liquidations, accelerating downside momentum. Moreover, if broader market weakness with Bitcoin’s downtrend continues, it could affect major assets like SOL.

Final Thoughts

A broader market downtrend, experienced with Bitcoin’s price plunge, and a reduction in ETF net inflows could affect SOL price. If the immediate support levels break below $75, analysts anticipate the SOL price could further decline towards $50. If an immediate bullish momentum returns, the potential target could reach towards $95-$105.