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Traders set $81 as key breakout level for Solana, eye 75% upside if Bitcoin rallies

Traders set $81 as key breakout level for Solana, eye 75% upside if Bitcoin rallies

CointurkCointurk2026/08/20 12:45
By:Cointurk

Solana has been consolidating near a major support area as market participants look for evidence that its recent stabilization could develop into a sustained recovery. Technical analysts have identified $81 as the immediate hurdle for SOL, with a potential move toward $104 and higher possible if Bitcoin regains upward momentum.

$81 Emerges as Critical Resistance for Solana

Solana is trading just below a key technical resistance at $81, which analysts argue will be crucial for improving the short-term outlook. According to a weekly chart shared by crypto trader Gum, SOL recently hovered near $78.42, under its 20-week exponential moving average (EMA) set at $81.64.

Gum highlighted that regaining the $81 level could open the way toward $104, which aligns with the 50-week EMA at $104.38 and stands as the next major resistance zone. He observed a gap with limited resistance between these levels, suggesting that a breakout over $81 would be significant for bullish momentum.

The chart outlines further resistance at higher intervals. The 200-week EMA sits near $112.62, while the 100-week EMA is found at $118.92. SOL remains positioned below all four tracked moving averages, indicating that a broad trend reversal is not yet in place.

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Momentum indicators are showing modest improvement, though overall strength remains muted. The weekly relative strength index (RSI) is currently at 43.14, still below the neutral 50 level but decidedly higher than the oversold readings posted during the recent decline.

Gum cautioned that Bitcoin faces resistance on its daily chart, which may prompt some traders to short SOL at current prices. As a result, a confirmed weekly close above $81 would likely strengthen Solana’s recovery prospects, while another rejection could keep it locked below trend resistance.

Gum noted that, “A weekly close above the $81 area would strengthen the recovery case, while another rejection would leave SOL trapped below its short-term trend resistance.”

In addition to technicals, Gum cited potential fundamental drivers, including active proposals addressing Solana’s inflation mechanism and token burns, increased on-chain activity, and growth in real-world asset initiatives. These factors could provide additional support if market conditions improve.

Mini dictionary: 20-week/50-week/100-week/200-week EMA — The Exponential Moving Average (EMA) is a technical indicator that places greater weight on recent price data, helping traders identify trend strength and key support or resistance levels over different timeframes. The 20-week, 50-week, 100-week, and 200-week EMAs are commonly used benchmarks for measuring momentum over medium to long timeframes.

Level EMA Value Status
20-week EMA $81.64 Immediate resistance
50-week EMA $104.38 Next resistance after breakout
100-week EMA $118.92 Further resistance
200-week EMA $112.62 Long-term resistance

Bullish Scenario Relies on Bitcoin Momentum

A broader recovery scenario for Solana has been outlined by trader KillaXBT, who believes that the token could appreciate by 75% to 100% if Bitcoin resumes a strong upward trend. KillaXBT currently holds a modest spot SOL allocation and tracks multiple bid zones to monitor potential downside risk before a substantial rebound.

The chart provided by KillaXBT places SOL at roughly $77.44 at the upper boundary of an accumulation zone. Key areas of buying interest are identified around $76.69, $67.06, and $53.33. These levels suggest that further declines could precede a durable rally, as the price may revisit lower support before recovering.

KillaXBT projected that, “If BTC starts trending higher again, I expect a 75% to 100% move in SOL. The position is tactical and not a long-term bullish bet.”

Rather than predicting an immediate surge, the setup allows for sideways or even lower movement within the accumulation zone before a bullish breakout. The $125 to $150 area is projected as the scale-out zone for profits if a rally materializes, subject to confirmation from Bitcoin momentum.

The $76–$77 band stands as a critical support. Maintaining this zone would keep SOL at the top edge of the accumulation range, while a breakdown could send the token toward $67 or even $53. Upside confirmation will only materialize if SOL can recover past $81 and subsequently challenge resistance near $104.

Until both Solana surpasses these technical barriers and Bitcoin establishes a definitive uptrend, the larger recovery forecast remains tentative.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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