Solana Price Prediction: SOL Tests $100 Support as Weekly Structure Flags $80 Risk Zone
Solana price is back in focus as price revisits a historically significant support zone, prompting traders to assess whether the recent sell-off is nearing exhaustion or if further downside remains likely.
At the time of writing, Solana price is trading near $104, reflecting a sharp short-term decline amid broader crypto market weakness. According to Solana price data from Brave New Coin, SOL is down over 11% on the day, placing it near levels that have repeatedly influenced trend direction since 2024.
Solana Price Slides to New 52-Week Lows
SOL’s latest drop has brought the price back into the $100–$105 region, an area that has acted as a recurring reaction zone over the past year. The move follows a rejection from the $140–$145 resistance band, where upside momentum stalled earlier in January.
The aggressive decline and volume behavior suggest that the market may be transitioning into a decision phase. Historically, Solana has shown strong directional reactions after extended moves into higher-timeframe support, making the current zone technically significant.
Solana price trades at $104.33, down -11.55% in the last 24 hours. Source: SOL price via Brave New Coin
Technical Analysis: Short-Term Structure Under Pressure
From a short-term perspective, Max Trades highlights a weakening structure following SOL’s loss of the $120 support region. His chart outlines a potential range path where price may attempt a corrective bounce towards $110–$115, but failure to reclaim this zone could expose lower supports.
Solana price faces short-term pressure after losing key support, with any bounce needing strength above $115 to avoid further downside. Source: Max Trades via X
The next downside levels to monitor sit near $98, followed by a deeper support band around $90–$92. A sustained breakdown below these levels would confirm continued bearish control, while any recovery attempt must reclaim $115 on strong volume to shift short-term bias.
Weekly Structure Points to a Pivotal Moment
Zooming out, Mshary_Charts focuses on the weekly timeframe, where SOL is interacting with a long-term Fibonacci support cluster between $95 and $100. This zone aligns with prior cycle consolidation and has historically acted as a launchpad for multi-month recoveries.
However, the chart also shows that failure to hold this region could open the door towards $80–$85, where the next major structural support resides. Until a clear weekly close is established, Solana remains in a technically sensitive position.
Solana sits at a key weekly support, where holding $95–$100 could prevent a deeper move towards $80–$85. Source: Mshary_Charts via X
Solana and Institutional Demand
Beyond price structure, institutional positioning remains a key variable. Data shared by Crypto Chiefs shows that Solana spot ETFs continue to record limited outflows, with cumulative net inflows remaining positive.
Solana price continues to see resilient ETF inflows despite weak market conditions, signaling steady institutional demand. Source: Crypto Chiefs via X
These flows have remained convincing even under clearly weak market conditions. Historically, assets that maintain steady institutional demand during drawdowns often emerge as leaders once broader conditions turn around. If sentiment and liquidity conditions turn favorable again, Solana could position itself not only as a price leader but also as one of the strongest beneficiaries in ETF inflows across the crypto market.
Key Levels to Watch
Solana is now at a clear inflection point. The most important levels to monitor include:
- Immediate Support: $100–$105
- Secondary Support: $90–$92
- Major Downside Risk: $80–$85
- Recovery Resistance: $110–$115
- Macro Resistance: $140–$145
While short-term momentum remains weak, the confluence of higher-timeframe support, ETF positioning, and historical behavior suggests that the current zone could define SOL’s next major move. As always, confirmation through structure and volume will be more important than anticipation.
Final Thoughts: Is Solana’s Final Drop Coming Towards $50?
While Solana is currently testing a critical weekly support zone, downside risk cannot be dismissed outright. A sustained loss of the $95–$100 region would expose deeper structural levels, with $80–$85 acting as the next major support. Only in a scenario where broader market conditions deteriorate significantly would $50 come into focus as a long-term downside extension.
For now, Solana remains at a pivotal inflection point. The coming price action will be defined by whether long-term support continues to hold and whether institutional demand remains resilient. Confirmation through weekly closes, volume behavior, and broader market stabilization will ultimately determine whether this zone marks exhaustion or the final leg lower.
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