Solana’s Next Major Support Levels Sit At $50, $22, And $10: Analyst

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So, apparently, Solana is doing the financial equivalent of limping through a rainy day, and an analyst by the name of Ali Martinez has a theory on where it might trip and fall next. Apparently, it’s all happening within something called a “Parallel Channel,” which sounds like the title of a science fiction novel that nobody read.

Solana Parallel Channel Could Indicate Support At These Levels

In the wild world of crypto, nothing says “stability” quite like the idea of a Parallel Channel-an area where the price of Solana might decide to play hopscotch. Ali Martinez, a crypto sage who spends his days observing charts and reading tea leaves, has pointed out that Solana’s price might find support at a few specific points if the coin behaves itself.

Now, let’s talk about this “Parallel Channel” thing. It’s not some weird new dance move from the ‘90s. In technical analysis speak, it’s when an asset’s price bounces between two parallel trendlines. Think of it like two angry parallel lines yelling at each other while the price tries to pick a side. These lines could either point up, down, or… sideways. Because, you know, sideways is the new “hot” trend for any cryptocurrency.

The best part? This sideways pattern is totally chill. It’s a “Parallel Channel” that runs parallel to the time axis-no vertical drama here. It’s just the price doing its thing in a very horizontal fashion. Stability is key… until it’s not. We’ve all been there.

Here’s where it gets spicy-Martinez provided a chart that shows Solana’s price in this fancy Parallel Channel. Spoiler alert: Solana’s price has been playing hopscotch up and down the top level of this channel, and every time it touches that ceiling, it’s like someone pulled the rug out from under it.

As seen above, Solana peaked a few times at the upper boundary, only to drop like your favorite rock band’s album after a bad review. The analyst says this is the “resistance” zone-so basically, Solana is hitting a wall, then recoiling, much like a cat who’s been forced into a bath. Classic behavior, really.

Now, if Solana keeps sliding down this slope like a person on a ski hill in August, it might land at one of these three magical support levels: $50.22, $22.47, and $9.98. These numbers are based on the level of “how far Solana could potentially fall down before hitting the metaphorical snowbank.” The idea is that these levels might offer some comfort (or, at least, a soft landing) if the bear market decides to stage a comeback.

Oh, and let’s not forget that Solana last tested the lowest of these levels during the bear market of 2023. Back then, it served as a pillow, helping Solana catch its breath before the next market drama unfolded. Now, we’re all waiting with bated breath to see if Solana will find its way back to this comfort zone-or if it will continue to plummet faster than your last pizza order in the rain.

In case you thought Solana was the only crypto getting cozy in a Parallel Channel, think again. Martinez, who probably has a thing for these patterns, also pointed out that Stellar (XLM) is doing a similar routine. You know, just in case you were wondering if all your favorite cryptos were secretly in therapy together.

SOL Price

As of now, Solana’s price is hanging around $81, down 5.5% in the last 24 hours. So, yeah, things aren’t exactly going stellar, but it’s still holding on like that one guy at a party who refuses to leave. Keep your fingers crossed-or don’t, I guess. It’s crypto, anything can happen.

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2026-02-28 09:05