SOL Eyes $79.50 Support as Wave (2) Continues to Extend: Is a Bounce Coming?

Key Insights:

• SOL tests $79.50 support as Wave (2) extends, with potential rebound toward $83.49 and $90.
• Wider resistance levels to watch include $100.89, $107.76, and $112.17 for short-term momentum shifts.
• Solana’s RWA ecosystem grows 58.7%, reaching $1.1 billion, led by BUIDL and USDY projects.

Solana is showing cautious price movement near the $81.50 mark, as traders monitor the next support level. Traders are observing as Wave (2) continues to extend. 

SOL key support levels

SOL is currently trading near $81.14 as the market tests key support levels. More Crypto Online noted that the $79.50 range is the next micro support to watch. The coin’s short-term chart shows price movement stuck within a narrow Fibonacci decision band.

Traders are observing the market closely as Wave (2) appears to be extending. Price has rotated between retracement levels, creating a compressed structure. A rebound above $81.80 could target $83.49 in the near term.

Price Action and Key Levels

On the 30-minute Binance SOLUSD chart, $81.80 acts as the near-term pivot while support clusters lie between $79.46 and $79.53. These levels represent the 78.6% and 100% retracement lines on the chart.

The analyst highlighted that if Solana price manages to hold above the $81.80 pivot and climbs back past $83.49, it could regain short-term momentum. Such a move may open the way for the coin to test higher levels, with immediate resistance around $90.

Beyond that, traders are observing wider resistance points near $100.89, $107.76, and $112.17. If the token fails to maintain the $79.50 support zone, the market could shift downward toward $78.04, $75.50, and $72.03, which may act as stabilizing points during further declines.  Price rotation between nearby levels suggests a pressure setup, with bulls and bears testing key lines repeatedly.

Solana’s RWA Ecosystem Growth and price Movement

The Solana Real-World Assets (RWA) ecosystem reached $1.1 billion in the last quarter, marking a 58.7% increase. According to Messari, BUIDL leads the ecosystem at $255 million, while USDY follows at $179 million.

Trading volume remains strong, with $3.01 billion recorded over the last 24 hours. The live asset price is at $81.14, down 2.46% in the same period. Analysts continue to track both price and ecosystem development as traders wait to see if the token can defend support levels and regain upward momentum.