Solana Faces Treasury-Led Selling as Prices Hover Near $80, Analysts Split on Bounce vs Deeper Drop

Solana's price has come under renewed selling pressure as the broader crypto market turned highly bearish, with SOL sliding toward the $80 level; reporting highlights notable selling activity from treasury holders across the sector, raising questions about the token's short- to medium-term outlook ^{[1] [2]}.

Market data show mixed technical reads: some coverage describes a liquidity sweep below $80 followed by a rebound above that level, noting $85 as a key resistance that would be needed to confirm a stronger bullish reversal, while other analysts argue the ongoing correction could remove weak hands and reset momentum, potentially setting conditions for a larger rally over a longer timeframe ^{[3] [4] [5]}.

Model-based forecasts reflect the uncertain tone: DeepSeek AI projects Ethereum and Solana staying largely range-bound into April 2026 absent a clear catalyst, underscoring the lack of consensus on near-term direction ^[6].

In sum, SOL faces near-term downside pressure driven in part by treasury selling, with analysts and models split between signs of accumulation and the prospect of a deeper correction ^{[1] [2] [3] [6]}.