BTC

$66331.49

-1.79%

ETH

$1936.392

-2.53%

XRP

$1.405

-4.26%

BNB

$603.867

-2.05%

Analysis

SOL Eyes $79.50 Support as Wave (2) Continues to Extend: Is a Bounce Coming?

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Key Insights:

  • SOL tests $79.50 support as Wave (2) extends, with potential rebound toward $83.49 and $90.
  • Wider resistance levels to watch include $100.89, $107.76, and $112.17 for short-term momentum shifts.
  • Solana’s RWA ecosystem grows 58.7%, reaching $1.1 billion, led by BUIDL and USDY projects.
image 236
The asset Eyes $79.50 Support as Wave (2) Continues to Extend: Is a Bounce Coming?

Solana is showing cautious price movement near the $81.50 mark, as traders monitor the next support level. Traders are observing as Wave (2) continues to extend. 

SOL key support levels

SOL is currently trading near $81.14 as the market tests key support levels. More Crypto Online noted that the $79.50 range is the next micro support to watch. The coin’s short-term chart shows price movement stuck within a narrow Fibonacci decision band.

Traders are observing the market closely as Wave (2) appears to be extending. Price has rotated between retracement levels, creating a compressed structure. A rebound above $81.80 could target $83.49 in the near term.

Price Action and Key Levels

On the 30-minute Binance SOLUSD chart, $81.80 acts as the near-term pivot while support clusters lie between $79.46 and $79.53. These levels represent the 78.6% and 100% retracement lines on the chart.

The analyst highlighted that if Solana price manages to hold above the $81.80 pivot and climbs back past $83.49, it could regain short-term momentum. Such a move may open the way for the coin to test higher levels, with immediate resistance around $90.

Beyond that, traders are observing wider resistance points near $100.89, $107.76, and $112.17. If the token fails to maintain the $79.50 support zone, the market could shift downward toward $78.04, $75.50, and $72.03, which may act as stabilizing points during further declines.  Price rotation between nearby levels suggests a pressure setup, with bulls and bears testing key lines repeatedly.

Solana’s RWA Ecosystem Growth and price Movement

The Solana Real-World Assets (RWA) ecosystem reached $1.1 billion in the last quarter, marking a 58.7% increase. According to Messari, BUIDL leads the ecosystem at $255 million, while USDY follows at $179 million.

image 235
Solana Total RWA Value | Source: CoinGape

Trading volume remains strong, with $3.01 billion recorded over the last 24 hours. The live asset price is at $81.14, down 2.46% in the same period. Analysts continue to track both price and ecosystem development as traders wait to see if the token can defend support levels and regain upward momentum.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avatar of Olivia Stephanie

Olivia Stephanie

19 February 2026, 13:12:38 GMT +0000

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