Crypto analyst Ali Martinez has outlined three key support levels for Solana (SOL), warning that a sustained loss of momentum could expose the asset to significantly lower price zones.
In a recent post on X, Martinez shared a weekly chart showing SOL trading near $87.68. The analyst emphasized that if bearish pressure intensifies, traders should monitor three structural levels at $50.22, $22.47, and $9.98.
Major Solana Levels Sit Deep
The $50.22 level marks the first major downside checkpoint on the weekly chart. This horizontal support aligns with prior consolidation and breakout structure, making it a technically significant area.
A decline toward $50 would represent a substantial retracement from current levels but would still fall within the broader multi-cycle structure visible on higher timeframes. Historically, such levels often attract renewed buyer interest if broader market conditions stabilize.
Below $50.22, Martinez identifies $22.47 as the next major structural floor. This region previously acted as a key accumulation zone during earlier phases of Solana’s recovery cycle. If market-wide selling accelerates, this area could become a focal point for long-term participants.
The final level highlighted sits at $9.98. This price zone corresponds with Solana’s early rebound stage following the 2022 market downturn. A move toward this level would suggest a full macro retracement rather than a routine correction.
Conditional Outlook, Not a Prediction
Martinez framed the levels as conditional supports, not immediate price targets. The analysis hinges on whether downside momentum continues to build.
Solana has been one of the stronger large-cap altcoins this cycle. While most major cryptocurrencies retreated and lost several key technical levels earlier this week, Solana has held its $75 support. Additionally, spot Solana ETFs keep recording steady inflows since launch and may soon cross $1 billion in total value.
Still, Solana has failed to decisively break the $90 resistance despite repeatedly testing that level this week. The current pullback places SOL at a technically sensitive juncture, particularly as broader crypto sentiment remains closely tied to Bitcoin’s performance. For now, SOL trades near the $84 region. However, if sellers take control, the three levels identified — $50.22, $22.47, and $9.98 — could come into focus as the next major structural support levels on the weekly chart.
Temitope Olajide
The CoinRemark Team
