Yea it's possible, but WAY too high. Is your car all stock? The only way you could have fuel pressure that high is either 1) your stock fuel pressure regulator (FPR) is shot or 2) you have an aftermarket rising rate fuel pressure regulator (RRFPR) installed that causes the fuel pressure to rise as the pressure inside the manifold increases.
Does it read a constant 80 psi or does it fluctuate?