Solana Defends $80 as BSOL Sees New Inflows

Solana (SOL) is trying to stabilise after last week’s sharp selloff that dragged the price down to $75.64. Since tagging that low, buyers have stepped in around high-$70s, pushing SOL back above $80 and reclaiming the 100-hour moving average – a level short-term traders have been watching closely.

The bounce isn’t explosive, but it does suggest that downside momentum is cooling for now.

Buyers Push Back After Liquidity Sweep

The recovery began after SOL broke above a descending trendline that had been capping price near $81 on the hourly chart. Once that level gave way, the price quickly retraced more than half of the drop from the $86.68 swing high to the recent $75.64 low.

Notably, price briefly swept below prior lows before snapping back – a classic liquidity grab that flushed late shorts and triggered clustered stops before reversing. The long lower wicks printed on the hourly candles reinforce that buyers were active on the dip.

That doesn’t confirm a bottom, but it shows demand sitting below the market.

Overhead, $82.50 remains the first real test. Sellers have already responded there once, and bulls will likely need a clean push through that zone to shift short-term momentum more convincingly.

$78 Becomes the Near-Term Line in the Sand

If SOL is going to build a constructive base, holding above $78 is key. That level has flipped between support and resistance over the past several sessions and now sits near a high-traffic volume area.

As long as the price of Solana holds above it, the structure favours another attempt higher.

A sustained move through $82–$85 could open the door toward $88, where prior distribution occurred. Beyond that, $92 and $95 come into view, but those levels likely require stronger participation and broader market support.

On the flip side, rejection near $82 followed by a loss of $78 would weaken the current recovery attempt. Below $78, downside risk increases toward $77 and potentially a retest of the $74–$75 swing low.

Currently, the battle is clearly centred in the upper-$70s to low-$80s range. 

Institutional Flows Continue Despite Weak Price Action

Interestingly, institutional positioning hasn’t completely dried up despite SOL’s broader pullback of roughly 41% over the past three months.

On February 23, 2026, the Bitwise Asset Management Bitwise Solana Staking ETF (BSOL) recorded net inflows of $3,048,570. That pushed total assets under management to $490,255,220 – a modest but notable one-day increase of about 0.62%.

The inflows came even as technical indicators on SOL-USD continued flashing “Strong Sell,” suggesting that some investors may be taking a longer-term allocation view rather than reacting to short-term momentum.

At the time the ETF flow data was reported, SOL was trading near $76.57, meaning capital moved in while the price was still under pressure.

Bottom Line

SOL has found buyers below $80, and the short-term structure has improved slightly. But the market still needs to prove it can reclaim and hold the low-$80s before calling this a meaningful reversal.

For now, it looks less like a confirmed bottom and more like a stabilisation attempt with $78 as the pivot and $82–$85 as the gatekeepers for further upside.