Solana Price Teases $79.50 Support as Monthly Cup and Handle Targets $200 to $250 Breakout

Solana hovered near $81.64 on Binance’s 30 minute SOLUSD chart after sliding back into a highlighted support band, as analyst group More Crypto Online flagged $79.50 as the next “micro support” level to watch.

Solana eyes $79.50 as wave (2) extension keeps pressure on price

In a post on X, More Crypto Online said wave still appears to be extending, which keeps the short term bias pointed lower unless price stabilizes above nearby support.

On the chart, price sat just under the 61.8% level near $81.80, while a tighter support cluster lined up around $79.53–$79.46 (marked as the 100% level near $79.53 and a 78.6% level near $79.46). Below that, the next visible downside levels came in at $78.04, then $75.50, with a deeper band closer to $72.03.

Solana/U.S. Dollar 30 Minute Chart. Source: More Crypto Online on X

If SOL holds the $79.50 area and rebounds, the chart’s nearest upside checkpoints sit back toward the $81.80–$83.49 zone first. However, if price loses that micro support on follow through, the same roadmap points to a potential extension toward $75.50 and then $72.03 as the next downside magnets.

Solana chart flags $80 support as $200 to $250 breakout zone comes into view

In a post on X, Bitcoinsensus said Solana’s monthly chart shows a multi year cup and handle continuation setup. The chart drew a wide rounded base across 2022 and 2023, then pushed back into the prior range before rolling into a pullback phase. As a result, the analyst framed the structure as a completed “cup” that has moved into the handle.

Solana Monthly Chart. Source: Bitcoinsensus on X

The handle, in this view, is forming inside a falling channel marked by two downsloping blue trendlines. That channel matters because it describes how sellers keep pressure on rebounds while buyers try to slow the decline with higher demand at lower levels. Therefore, a break above the channel’s upper boundary would signal that the handle is ending and momentum is shifting.

Bitcoinsensus highlighted about $80 as the key support area to defend while the handle develops. If that support holds, the pattern stays intact because the handle usually remains a controlled retracement, not a full trend reversal. However, if the level fails on a monthly basis, the structure weakens and the market would need to rebuild a new base before the continuation case can return.

For confirmation, the analyst pointed to the $200 to $250 zone as the breakout range. If SOL clears that area and holds, it would reclaim the top of the multi year range and complete the handle breakout in this framework. Then the chart’s white projection implies room for a larger continuation move, with the prior range acting as the launch point.