Solana (SOL) Price Prediction: Oversold RSI Offers Little Hope While $145 Caps Any Relief

Solana is currently trading near the $129 level and continues to show very little upward momentum. As noted in our previous update, the price briefly consolidated after losing the $175 support zone before eventually breaking the $145 level exactly as anticipated. Given the broader cryptocurrency market remains under heavy selling pressure, the near-term bias stays firmly bearish, and a continuation of the downtrend appears the most probable scenario. Bearish control is evident across multiple timeframes, with virtually no meaningful buying interest on the minor rebounds. Even short-term countertrend moves are failing to attract follow-through so far. Let’s now examine the latest SOL charts in more detail to identify the key levels that are likely to shape price action over the coming days.

Our Solana Price Prediction Summary

• Solana remains in a clear downtrend with lower highs and lower lows intact since September, keeping the overall bias firmly bearish.
• The $120 level is the immediate make-or-break support as a clean break below it sharply increases the odds of a move toward $100.
• Any near-term bounce toward $145 should be treated as a lower-high selling opportunity rather than the start of a reversal.

Analyzing the Charts

Tight Consolidation Below $145 Resistance

On the 4-hour chart, Solana continues to trade in a narrow range directly below the $145 level, which has now fully transitioned into overhead resistance. Activity has been minimal over the past few sessions, underlining the complete absence of meaningful buying interest following the breakdown. The critical near-term support remains the $120 zone. Bulls must defend this level decisively if they are to prevent a fresh leg lower. As long as $120 holds, the current sideways consolidation can continue, and a modest relief rally back toward $145 could materialise. Even in that scenario, however, a sustained break above $145 looks highly improbable given the dominant bearish momentum and the heavy supply that has already been confirmed at that level. Any move up would more likely serve as a lower-high retest before sellers step back in.

Relief Moves Likely to Form Another Lower High

Shifting to the 1-day timeframe, the downtrend in Solana remains firmly intact, with price continuing to carve out a clear series of lower highs and lower lows since the September peak and showing no meaningful relief rallies over the past two months. The daily RSI also did dip into oversold territory below 30, which can sometimes signal temporary exhaustion, yet the broader market’s persistent weakness and lack of bullish divergence make any sustainable reversal highly unlikely at this stage. Near-term price action will probably stay consolidative, potentially allowing another modest retest of the $145 area much like we outlined on the 4-hour chart, but that move should be viewed as another lower high and a selling opportunity rather than the start of something bullish. Below the critical $120 support, the next major destination on the downside is the $100 psychological zone, and a clean daily close under $120 would sharply raise the odds of reaching that level over the coming weeks or even days.

Final Takeaway: What is Next for Solana?

Solana remains under clear bearish control on all relevant timeframes. The breakdown below $175 and subsequent loss of $145 have confirmed the continuation of the downtrend that began in September, and the complete absence of meaningful buying pressure on minor rebounds only reinforces that view. While the daily RSI has reached oversold levels and a brief consolidation or relief move toward $145 remains possible, any such bounce is expected to stay limited and ultimately serve as another lower high for sellers to lean into.

Key levels to watch now are straightforward. $120 is acting as the immediate line in the sand for bulls, and a decisive break below that zone would open the path toward $100 with little technical support in between. Until we see sustained volume on the upside, a shift in broader market sentiment, or at minimum a higher high above $145 on daily close, our Solana price prediction remains bearish.