Solana shows signs of price stabilization near a key support zone after a recent downtrend, suggesting a potential short-term recovery. Analyst BitGuru notes buyers are slowly returning, with a potential rebound target of $80-$82. However, mixed derivatives data, including rising open interest but falling trading volume, indicates ongoing market uncertainty around the SOL price.
The Solana price is showing early signs of stabilization around a key support area following a recent downtrend. This formation may signal a potential short-term rebound, though overall market direction remains uncertain.
At the time of writing, SOL is trading at $67.67 with a 24-hour trading volume of $2.76 billion and a market capitalization of $39.27 billion. The price has decreased by 1.26% in the last day, reflecting cautious movement across the broader crypto market.
On June 14, 2026, crypto analyst BitGuru stated the Solana price is on track to rebound after showing significant downward momentum. “It is believed that the Solana price is stabilizing around an important support level as buyers slowly make their presence felt again in the market,” the analyst said.
Should the recovery continue, the Solana price might target the $80-$82 range in the near term. This level is expected to serve as the next key resistance, particularly if upward momentum grows from current performance.
Derivatives data presents a mixed picture, with open interest rising marginally by 0.29% to $4.72 billion. Conversely, trading volume declined significantly by 25.83% to $4.17 billion, indicating lower activity while exposure in contracts is maintained.
The open interest weighted funding rate stands at -0.0023%, indicating slightly negative market funding. This suggests continued caution in positions and weak sentiment as the Solana price attempts to consolidate.
