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Just checked SOL's chart and it's looking interesting right now. Price is hovering around $78-79 after taking some heat from the broader market dip. The thing is, if we can hold this level and see some real buying pressure kick in, there's potential to push toward $82, maybe even $88 if momentum builds. That would be roughly a 12% move from here, which honestly isn't crazy for Solana.
Looking at the bigger picture, SOL had that rough stretch from early to mid-February but started showing some signs of life after. U.S. spot ETFs for Solana actually had their best day in weeks back then, and we saw some solid inflows. The derivatives market is showing cautious optimism too—funding rates are positive and institutional players seem less defensive than before.
Technically speaking, there are some key levels to watch. If we can break above $95 and close there decisively, the next target could be $121. On the downside, $77 is a minor support, but if that gives way, we might test $67. Below that gets messy, so I'm watching to see if buyers show up there.
Also worth noting—Solana's cofounder just got appointed to a U.S. regulatory committee alongside other major crypto figures, which is a positive signal for the industry overall. Could add some tailwinds longer term. For now though, it's all about whether we can hold support and build from here.