Solana (SOL) Price Prediction: Daily Downtrend Persists Despite Short-Term Relief

Solana is currently trading just above the $125 mark as it begins to establish renewed momentum on the lower timeframes. This price action follows our previous analysis which noted that the market remains confined within a long-term range between the $120 support and the $145 resistance where it has moved sideways for past three months. After a retest of the $120 level just a few days ago, the price appears to be bouncing off this floor once again as Bitcoin experiences a short-term relief rally. This broader market strength makes a breakdown below the $120 support unlikely in the immediate future. However, the price could still break below this level in the coming weeks as the overall trend remains bearish. Let’s take a look at the latest Solana charts to determine where the price might be headed in the coming weeks.

Our Solana Price Prediction Summary

• Solana is currently trapped between $120 support and $145 resistance, moving sideways for several months.
• Despite local bounces, the daily and weekly charts show a series of lower highs that keep the technical outlook bearish.
• The $120 level is the immediate floor, but a failure here shifts the focus to the $110 zone as the next potential bottom.

Analyzing the Charts

Consolidation and Pattern Stability

The latest 4-hour charts show that Solana’s price action hasn't deviated much from its established pattern. The consolidation zone remains firmly in place as the price continues to bounce off the $120 mark, successfully absorbing the selling pressure seen in the latest attempt to push the market lower. Given this current momentum, Solana will likely continue its sideways movement in the near term. Barring a sudden drop in Bitcoin, we expect the price to stay within this familiar range while it prepares for its next move.

Market Structure and Long-Term Trends

On the 1-day timeframe, the consolidation zone is equally apparent as the price continues to bounce off the $120 mark, with bears failing to force a breakdown so far. Despite this short-term relief, the broader trend has been a steady decline since the correction began late last year. Because this downtrend remains intact and the price continues to form lower highs, our Solana price prediction maintains a bearish bias for the coming weeks. A sustained break back above $140 would be the first real signal that bulls are attempting to challenge the current trend, but for now, the downward pressure persists.

Weekly Perspective and Critical Support Levels

The 1-week timeframe reveals why the $120 zone is a pivotal area for Solana. This region has served as a reliable floor during previous bearish cycles, offering the potential for the price to stabilize after the recent correction. It is worth noting, however, that during the last major dip, Solana briefly touched $110 before finding the demand necessary for a bounce. Given the current lack of upward momentum, a move toward this secondary level remains a distinct possibility. If buyers fail to hold the $120 support, a retest of the $110 mark will likely be the next step in determining a long-term bottom.

Final Takeaway: What is Next for SOL?

Solana remains locked in a well-defined consolidation range, with the $120 support level serving as the primary defensive line for bulls. While the current relief rally in Bitcoin has provided some short-term momentum, the broader daily and weekly charts still reflect a persistent downtrend. Failing to reclaim and hold the $145 resistance means the pressure remains on the support levels below. If $120 breaks, the market will likely look to $110 to find enough demand for a more significant bounce. We will be watching the upcoming daily closes to see if Solana can finally shift its structure or if the slide toward lower targets will continue.