Solana’s Next Major Support Levels Sit At $50, $22, And $10: Analyst

Technical analyst Ali Martinez identifies key Solana support levels at $50, $22, and $10 based on a Parallel Channel pattern in SOL's weekly price chart. The analysis suggests these levels could provide support if Solana continues declining from its recent rejection at the channel's upper resistance.

• →Solana has been trading within a Parallel Channel pattern and recently rejected the upper resistance level twice in 2025.
• →Three potential support levels are identified at $50.22, $22.47, and $9.98, representing 50%, 75%, and 100% down the channel respectively.
• →SOL last tested the lowest support level around $10 during the previous bear market cycle where it found a bottom.
• →Solana is currently trading around $81, down 5.5% in the last 24 hours, and remains in the upper half of the channel.
• →Stellar (XLM) is showing a similar Parallel Channel setup with its own identified support levels.