This support has already triggered massive rallies in the past. During the April to September 2025 cycle, SOL bounced from this same level and surged 166% to $250.
Now, after a sharp 25% drop from $127 to $100, SOL is showing signs of life right where bulls need it most.
If the price holds above $95 on the weekly close, this could be the start of a major recovery rally toward $300 and beyond.
SOL Price Analysis: Channel Breakout Next?
SOL is currently rebounding from the lower boundary of a long-term descending channel.
Trader Tardigrade said that this type of rebound often pushes the price toward the upper channel boundary, which sits near $215.
$SOL/weekly#Solana is positioned at the bottom of a wide Descending Channel 👀 pic.twitter.com/YUbZlIZJIl
— Trader Tardigrade (@TATrader_Alan) February 2, 2026
If price repeats the prior cycle, a rally toward $215-$260 over the next few months remains realistic.
A $260 target implies a 150% gain from the $100 base, matching the scale of the last major recovery from this zone.
This could very well be the last dip before SOL rallies to newer highs and beyond toward $500 by the end of the year.
Source: TradingView
However, a weekly close below $95 breaks the structure and delays the bullish path. A retest of lower support zones at $80 is likely.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
