Solana Bounces Inside $80-$100 Demand Zone After Sharp Selloff

Solana has been through the wringer. After a sharp, sustained drop from its highs, SOL finally caught a bid in the low-$80s and is now attempting to consolidate. The price is hovering around $86.49 – not a strong recovery, but enough to keep the $80-$100 demand zone in play. Whether this bounce has real legs or fades into another breakdown is the question the entire market is watching right now.

SOL Attempts to Stabilize After a Big Drop

This isn’t being read as a clean reversal. The bounce looks more like a reset reaction inside a broader corrective phase. Buyers showed up near the low-$80s, but SOL is still trading below the upper edge of that shaded demand zone, meaning the market hasn’t committed to either direction yet. As tests $100 support as Solana revisits a key cycle low zone, this area has become a focal point for both bulls and bears.

Solana’s setup resembles ETH but with a slightly weaker structure, following a big drop and a reaction bounce.

$80 Is the Level That Matters Most Right Now

Everything in the near-term roadmap comes back to $80. If SOL keeps defending that floor and consolidates back inside the $80-$100 band, that zone could serve as a genuine accumulation region where buyers absorb the remaining selling pressure. The demand zone would then act as a launchpad rather than just a temporary rest stop.

But if $80 breaks cleanly, the story changes fast. That scenario echoes the warning seen when drops below $80 after a head and shoulders pattern breakdown – a decisive break would put the broader correction back in the driver’s seat and open the door to deeper losses.

Momentum conditions add another layer to this picture. As noted when weekly RSI hits December 2022 lows while price holds $84 support, the market is already at historically oversold readings near this level. That can cut both ways – it reflects serious damage done, but also suggests sellers may be running low on fuel.

With SOL hovering in the mid-$80s, the market is essentially in a wait-and-see mode. A sustained base inside $80-$100 would signal stabilization is building. A clean break below $80 would keep the bears firmly in control.