Data from TradingView shows that Bitcoin opened the 7-day period near $82,800, fell to a weekly low near $79,500 on Friday, peeked back above $82,000 on Sunday into Monday, and has since slid back down to test support at $80,000.
Overall, BTC declined by roughly 0.35% on the 7-day chart, suggesting the market has not broken down but has not yet generated the kind of follow-through bulls would like to see after reclaiming the $80,000 level.
For now, support at $80k remains the line traders are watching most closely. A clean loss of that level would likely put the recent low near $79,500 back in focus, with the mid-$78,000 range serving as the next obvious area of interest. On the upside, bulls first need to clear bearish roadblocks between $82,000 and $83,000 before the chart starts to look more constructive.
Bitcoin Technical Analysis
That cautious view was echoed by several crypto traders on X. Analyst Michaël van de Poppe noted that there are “two crucial resistance zones for Bitcoin to monitor,” pointing to the $86,000-$88,000 region and the $93,000-$95,000 region near the 50-week moving average.
1/ Bitcoin dropped 1.5% but stays above the TBO Cloud signaling bullish bias
TBO Resistance at 81,788 remains intact
RSI hit a lower low and a pullback to white support near 51 is possible
That could test the TBO Fast line at 79,236
A close above targets 84–85k and below… pic.twitter.com/iFQbRNHpgp — Aaron Dishner (@MooninPapa) May 13, 2026
Another trader, Aaron Dishner, said Bitcoin remained above the TBO Cloud, which he interpreted as a bullish sign, but added that resistance near $81,788 remained intact. He suggested that a pullback could test support near $79,236, while a close above resistance could open the door to the $84,000-$85,000 region.
The broader setup remains mixed. Bitcoin is still holding above a major psychological level, and ETF-related demand remains a stabilizing force for traders. Yet the lack of a decisive push higher suggests the market is waiting for a fresh catalyst. Until then, Bitcoin’s near-term structure is best described as constructive but unresolved: bulls have defended support, but they still need to prove they can reclaim the next band of resistance.
At the time of writing, Bitcoin trades near $81,175, a decrease of 0.16% on the 7-day chart.
Solana Outperforms as Coinbase Adds SOL-Backed Loans
While Bitcoin spent the week moving sideways, Solana (SOL) delivered a stronger performance, climbing from a weekly low near $86.85 on May 6 to a high of $98.10 on Monday before cooling slightly. At the time of writing, SOL trades near $95.15, representing a 9.4% gain over the past seven days.
That outperformance is notable because it came during a week when Bitcoin struggled for direction and many altcoins remained highly sensitive to macro headlines. Solana’s move suggests traders are starting to reward ecosystem-specific catalysts again, especially those that point toward greater institutional utility for SOL.
The biggest development came from Coinbase, which announced that SOL-backed loans are now available on the platform. The company said users can “borrow up to $100K in USDC against your Solana without selling.”
Holding SOL?
SOL-backed loans are now available on Coinbase.
Instantly borrow up to $100K in USDC against your Solana without selling. pic.twitter.com/rfZBZ0KiH6
— Coinbase ?️ (@coinbase) May 12, 2026
The new lending option is powered by Morpho on Base and allows users to borrow USDC against SOL collateral. The new product has seen strong demand, issuing more than $2.3 billion in cumulative loans to residents in the U.S. – except New York – which can be repaid at any time.
This matters because it gives SOL holders a new way to access liquidity without selling their tokens. In bull markets, that kind of collateral utility can be important. It lets long-term holders keep exposure while still using it within broader financial activity. It also places SOL more firmly inside the same institutional and lending conversation that Bitcoin and Ethereum have dominated for years.
From a technical perspective, SOL bulls now need to turn the $98-$100 area into a clean breakout zone. A move above $100 would likely draw fresh attention from momentum traders and could open the path toward the next psychological target. On the downside, the $93-$95 region is the first area to watch, followed by the weekly low near $86.85 if the broader crypto market weakens.
My Take on Solana
For now, Solana looks stronger than Bitcoin on the 7-day chart. Bitcoin is defending a major support zone, while Solana is trying to convert a bullish fundamental catalyst into a move back above $100. If BTC can stabilize above $80,000 and avoid a deeper pullback, SOL may remain one of the better-positioned large-cap altcoins heading into the second half of May.
We hope you enjoyed reading our analysis of Solana. If you’d like to trade with one of the best crypto CFD brokers, check out our list.
