Solana Tests $80 Support as Analysts Split and Exchange Flows Swing

Solana Tests $80 Support as Analysts Split and Exchange Flows Swing

N
News Editor 01
2026-07-23 20:10:15
Solana is testing the key $80 support level again, with analysts divided on whether it's a buy zone or a trendline risk. Exchange data shows alternating inflows and outflows, keeping the price stuck between $80 and $95.
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Solana is once again testing the $80 level — a price point that has repeatedly failed to hold or break decisively. The current standoff has provoked contrasting takes from analysts, each reading the same chart through a different lens. Crypto Patel described SOL as being in a "buy zone" similar to the one that preceded a 2,200% rally. Ted Pillows, on the other hand, flagged a trendline moment where a rebound and a drop to new lows are equally plausible.

Analyst Views Diverge on What $80 Means

Crypto Patel offered no specific timeline or catalyst, anchoring his case purely on historical structure. He suggested that if support holds, the same setup that triggered an explosive move could be forming again. Ted Pillows focused on the binary nature of the current inflection point — the price is either bouncing from here or sliding into deeper correction territory. Both analysts are looking at the same horizontal line, but their expectations point in opposite directions.

Crypto With Haris took a more narrative-driven approach. He highlighted the recent sweep near $81.5 and a prior move toward $84, noting that buyers stepped back in after green candles appeared around support. His commentary pushed back against panic narratives, implying that the structure had not broken down entirely and that accumulation was visible at lower levels.

Exchange Flows Tell a Story of Stalemate

Data from Coinglass shows repeated flips in Solana's exchange net flow over recent sessions. Large red outflow spikes — often interpreted as coins moving off exchanges for holding — ranged from $12 million to $17 million on multiple dates. Green inflows, signaling coins moving onto exchanges (potentially for sale), peaked at $12 million to $15 million. The pattern reveals an ongoing tug-of-war between accumulation and distribution.

These flows suggest that neither bulls nor bears have gained clear dominance. Each time price attempts to stabilize above $80, a wave of inflows provides buying support — only to be followed by a fresh round of outflows that pulls that support away. Short-term volatility is being driven entirely by this alternating liquidity pressure.

Price Compression Between $80 and $95

The price has contracted from a prior range near $98–$100 down to the current battlefield between $80 (support) and $90–$95 (resistance). Each attempt to break below $80 has failed to sustain, and each bounce has failed to clear $95. The market is in a state of compression — both sides are testing the edges, waiting for a definitive breakout.

No timeline or catalyst has been offered by the analysts cited. Their cases rest on historical reaction zones rather than near-term events. The next directional move may well be signaled by a shift in the exchange flow pattern rather than any technical indicator.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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