Solana is walking a tightrope right now, and the price prediction points lower. SOL price is testing key support at $78 to $80 after dropping roughly 45% from its mid-January highs. It is trading around $81 as we speak, but the pressure is real after that brutal leverage flush wiped out a ton of overconfident longs.
This level really matters. If $78 to $80 holds, SOL USD could bounce back toward $90 and maybe even $120 if momentum builds. But if it cracks, things could get ugly fast, with $60 coming back into the picture.
Solana Price Prediction: Why $60 Could Be Next?
Technically, Solana is sitting at a real crossroads right now. After losing the psychological $100 level earlier this month, SOL price finally caught a small bounce around $78.05. But let’s be real, SOL is still trading well below both the 50-day and 200-day moving averages, which keeps the broader trend clearly bearish.
Meanwhile, Solana’s RSI is hanging around the 30 to 35 zone, so it is close to oversold. That usually means selling pressure is getting tired, but momentum is still weak, so no clear reversal signal yet.
(Source: SOLUSD / TradingView)
Immediate support sits at $78.05. That is the line in the sand. If it holds, we could see consolidation. If it breaks, things can speed up quickly.
On the downside, $60 becomes the obvious magnet. That area has strong historical liquidity and would likely get tested if $80 fails.
On the upside, $96.94 is the key resistance. Bulls need to reclaim that level to neutralize this bearish structure and start talking about recovery again.
Long-term, big firms are still optimistic. Standard Chartered, for example, recently adjusted its 2026 Solana targets but kept a bullish long-term view. Short-term, though, the chart still needs extensive repair work.
Why Do Network Fundamentals Diverge from Price?
Despite the price correction, SOL on-chain data paints a conflicting picture between utility and valuation.
Solana recorded a record 959 million weekly transactions, indicating robust ecosystem activity even as the token price declines. However, liquidity depth has suffered.
(Source: Artemis)
Recent analysis suggests Solana faces downside risk as DEX volume collapses, which tends to exacerbate volatility during sell-offs. When volume dries up, smaller sell orders can have a more significant impact on the price.
Conversely, institutional flows provide a counter-narrative; persistent interest in Solana ETF products suggests that sophisticated investors are using this dip to accumulate, ignoring the short-term noise.
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