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Solana holds $80 support amid selling pressure; key level may decide recovery or deeper drop.

Technical Signals
29 May 2026
Crypto news
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Neutral
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Solana's price is holding above the critical $80 support zone despite recent selling pressure and market volatility. Analysts highlight this level as pivotal: maintaining it could lead to a recovery toward $100-$120, while breaking below may trigger a deeper decline possibly down to the mid $20s. The token faces headwinds from macroeconomic uncertainty, whale selling, and geopolitical tensions, but on-chain data suggests accumulation rather than a breakdown. Traders are watching closely as a break below $80 could increase volatility and liquidations, while a rebound above $98 might revive bullish momentum.

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