Overview
- SOL jumped roughly 10% on Friday to trade back near the mid‑$80s after a week oscillating between $78 and $88 and a brief flush to $67 in the prior session.
- Near‑term hurdles are seen around $88 and then the $90–$96 band, with multiple analysts flagging $95 as the reclaim trigger for a constructive shift.
- Key support sits at $77–$80, and failure there could open a move toward $67–$70, with some forecasts mapping deeper risk toward the low‑$60s or even $50 if momentum weakens further.
- On‑chain activity has strengthened despite price pressure, including roughly 959 million weekly transactions and TVL in SOL terms trending back toward cycle highs.
- Participation metrics signal caution, with new addresses down 23% in four days to 7.62 million and about 1.4 million SOL flowing onto exchanges in 48 hours, which can cap rallies.