This support has already sparked large rallies in the past. During the April-September 2025 cycle, SOL rebounded from this same level, rising 166% to $250.
Now, after plummeting 25% from $127 to $100, SOL is showing signs of life where bulls need it most.
If the price remains above $95 at the end of the week, it could mark the beginning of a significant recovery rally towards above $300.
SOL Price Analysis: Channel Breakout Next?
SOL is currently rebounding from the lower bound of a long-term descending channel.
Trader Kumamushi said this kind of pullback often pushes the price towards the upper end of the channel border around $215.
$SOL/weekly#Solana sits at the bottom of a wide descending channel 👀 pic.twitter.com/YUbZlIZJIl
— Trader Tardigrade (@TATrader_Alan) February 2, 2026
If the price repeats the previous cycle, there is still a real chance of a rally towards $215-$260 in the coming months.
A $260 target would imply a 150% upside from the $100 base, matching the magnitude of the last significant recovery from this zone.
This is very likely the last push before SOL climbs further towards and above $500 by the end of the year.
Source: TradingView
However, if the weekly close falls below $95, the structure will break and the bullish trend will be delayed. A retest of the $80 lower support zone is likely.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Perth has gathered experience and expertise in the field after working with major media outlets in the crypto and financial world and living through bear and bull markets over the years. Palt is also the author of four self-published books.
Perth Dubey on LinkedIn
