{"id":36948,"date":"2026-02-28T06:00:13","date_gmt":"2026-02-28T06:00:13","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=36948"},"modified":"2026-02-28T06:00:13","modified_gmt":"2026-02-28T06:00:13","slug":"solanas-next-major-support-levels-sit-at-50-22-and-10-analyst","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=36948","title":{"rendered":"Solana\u2019s Next Major Support Levels Sit At $50, $22, And $10: Analyst"},"content":{"rendered":"

An analyst has pointed out where Solana support levels could lie based on a Parallel Channel forming in the asset\u2019s weekly price chart.<\/p>\n

Solana Parallel Channel Could Indicate Support At These Levels<\/h2>\n

In a new post<\/a> on X, analyst Ali Martinez has discussed how support is looking for Solana from the perspective of a Parallel Channel that may be emerging in its 7-day price.<\/p>\n

The \u201cParallel Channel<\/a>\u201d is a pattern from technical analysis (TA)<\/a> that forms whenever an asset trades between two parallel trendlines. There are a few different ways a Parallel Channel can be categorized based on the orientation of its trendlines.<\/p>\n

Ascending Channels involve lines that are pointing up, while Descending Channels have a downward slope. These types correspond to periods of parallel consolidation to a net upside and downside, respectively.<\/p>\n

In the context of the current topic, the third and the most basic type is of interest: a Parallel Channel that\u2019s parallel to the time-axis. As the price moves inside such a channel, it observes a phase of perfectly sideways action.<\/p>\n

Now, here is the chart shared by Martinez that shows the Parallel Channel that the weekly price of Solana has potentially been moving inside in recent years:<\/p>\n

\"Solana<\/p>\n

As displayed in the above graph, Solana retested the upper level of the Parallel Channel a couple of times during 2025. Each time, the price ended up topping out and a decline followed. The upper line of a Parallel Channel is considered to be a source of resistance, so these rejections may have been signs of the pattern being in action.<\/p>\n

Since the latest rejection, SOL has been moving down in a sharp manner as the cryptocurrency sector as a whole has observed a bearish shift. So far, the coin is still contained inside the upper half of the channel, but if momentum weakens, it might end up traveling lower.<\/p>\n

According to the analyst, these levels could act as support in such a scenario: $50.22, $22.47, and $9.98. These levels correspond to a point 50%, 75%, and 100% down the channel, respectively.<\/p>\n

Solana last tested the lower-most of these levels during the bear market<\/a> of the previous cycle. Back then, it had helped the cryptocurrency reach a bottom. It now remains to be seen which direction the asset will go next and if a retest of any of these levels will take place.<\/p>\n

SOL isn\u2019t the only cryptocurrency observing a Parallel Channel setup. As Martinez has highlighted in another X post<\/a>, the monthly price of Stellar (XLM) has also been moving down such a pattern, with possible support levels existing at 0.147, 0.078, and 0.041.<\/p>\n

\"Stellar<\/p>\n

SOL Price<\/h2>\n

At the time of writing, SOL is floating around $81, down 5.5% in the last 24 hours.<\/p>\n

\"Solana<\/p>","protected":false},"excerpt":{"rendered":"

An analyst has pointed out where Solana support levels could lie based on a Parallel Channel forming in the asset\u2019s weekly price chart. Solana Parallel Channel Could Indicate Support At These Levels In a new post on X, analyst Ali Martinez has discussed how support is looking for Solana from the perspective of a Parallel […]<\/p>\n","protected":false},"author":1,"featured_media":36949,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[46],"tags":[],"class_list":{"0":"post-36948","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoin"},"yoast_head":"\nSolana\u2019s Next Major Support Levels Sit At $50, $22, And $10: Analyst - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=36948\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana\u2019s Next Major Support Levels Sit At $50, $22, And $10: Analyst - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"An analyst has pointed out where Solana support levels could lie based on a Parallel Channel forming in the asset\u2019s weekly price chart. 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